Saia, Inc. (NASDAQ:SAIA) Holdings Boosted by Intrust Bank NA

Intrust Bank NA grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,197 shares of the transportation company’s stock after purchasing an additional 198 shares during the period. Intrust Bank NA’s holdings in Saia were worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SAIA. Kestra Investment Management LLC purchased a new stake in Saia in the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 38 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Saia in the 4th quarter valued at about $36,000. Tortoise Investment Management LLC lifted its position in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Saia during the fourth quarter worth approximately $64,000.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $359.00 on Friday. Saia, Inc. has a 12 month low of $342.68 and a 12 month high of $624.55. The company has a market cap of $9.56 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.24 and a beta of 1.89. The business’s 50 day moving average is $431.71 and its two-hundred day moving average is $464.75. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

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

Insider Activity

In other Saia news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays dropped their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Cowen reissued a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Bank of America dropped their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, TD Cowen raised their price target on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $520.28.

Saia 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.