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

US Bancorp DE lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 12.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,202 shares of the transportation company’s stock after purchasing an additional 2,012 shares during the period. US Bancorp DE’s holdings in Saia were worth $8,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in Saia in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of Saia during the fourth quarter worth $154,000. GAMMA Investing LLC boosted its stake in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 shares during the period. World Equity Group Inc. bought a new position in shares of Saia in the fourth quarter worth about $201,000. Finally, Pinnacle Financial Partners Inc purchased a new position in Saia in the 4th quarter worth about $204,000.

Saia Stock Performance

SAIA stock opened at $397.14 on Wednesday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a 50-day simple moving average of $468.88 and a two-hundred day simple moving average of $468.37.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the company earned $3.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SAIA shares. The Goldman Sachs Group boosted their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Bank of America lowered their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research note on Monday, February 24th. TD Cowen lifted their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $532.41.

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.