US Bancorp DE Cuts Position in Saia, Inc. (NASDAQ:SAIA)

US Bancorp DE reduced its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 56.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,969 shares of the transportation company's stock after selling 10,233 shares during the period. US Bancorp DE's holdings in Saia were worth $2,785,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its stake in Saia by 73.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,277 shares of the transportation company's stock valued at $582,000 after acquiring an additional 540 shares during the period. Wells Fargo & Company MN lifted its position in Saia by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 165,333 shares of the transportation company's stock valued at $75,347,000 after purchasing an additional 1,052 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Saia by 0.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 111,067 shares of the transportation company's stock worth $50,617,000 after purchasing an additional 488 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Saia in the fourth quarter worth approximately $261,000. Finally, Bank of Montreal Can grew its position in Saia by 10.3% in the 4th quarter. Bank of Montreal Can now owns 3,532 shares of the transportation company's stock worth $1,610,000 after purchasing an additional 329 shares during the period.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $0.58 during trading on Friday, hitting $283.72. 233,446 shares of the company's stock were exchanged, compared to its average volume of 719,311. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The business's 50-day simple moving average is $283.97 and its 200 day simple moving average is $335.61. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 13.08 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%. The firm had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. During the same quarter last year, the business posted $3.83 earnings per share. The firm's revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Saia to a "sell" rating in a research note on Tuesday, May 13th. Stephens increased their target price on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Wells Fargo & Company boosted their price target on Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a "buy" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Saia has an average rating of "Hold" and a consensus target price of $347.16.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.