US Bancorp DE Sells 10,233 Shares of Saia, Inc. (NASDAQ:SAIA)

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

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Saia in the first quarter worth $43,000. Group One Trading LLC lifted its holdings in shares of Saia by 114.4% during the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after purchasing an additional 1,934 shares in the last quarter. Covestor Ltd boosted its position in shares of Saia by 30.3% during the fourth quarter. Covestor Ltd now owns 271 shares of the transportation company's stock valued at $124,000 after buying an additional 63 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Saia during the first quarter valued at $135,000.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a research report on Thursday, May 1st. Stephens boosted their price objective on shares of Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Bank of America raised their target price on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup reiterated a "buy" rating and set a $393.00 target price (up from $350.00) on shares of Saia in a research note on Monday, July 28th. Finally, The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and raised their price target for the stock from $387.00 to $410.00 in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $347.16.

Saia Stock Performance

Shares of SAIA stock traded down $10.42 during trading hours on Thursday, reaching $284.30. 523,846 shares of the company traded hands, compared to its average volume of 728,305. The firm has a 50-day moving average price of $283.57 and a 200 day moving average price of $338.24. The company has a market cap of $7.57 billion, a P/E ratio of 26.25, a P/E/G ratio of 13.59 and a beta of 1.99. 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 12-month low of $229.12 and a 12-month high of $624.55.

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

Saia Company Profile

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.