Canandaigua National Bank & Trust Co. Cuts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Canandaigua National Bank & Trust Co. trimmed its position in Saia, Inc. (NASDAQ:SAIAFree Report) by 20.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 676 shares of the transportation company’s stock after selling 173 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Saia were worth $395,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Saia by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company’s stock valued at $1,090,950,000 after acquiring an additional 12,074 shares during the period. Capital Research Global Investors grew its position in Saia by 129.8% during the 4th quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after purchasing an additional 519,819 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of Saia by 1.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after buying an additional 15,317 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Saia by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock valued at $314,215,000 after buying an additional 26,798 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after buying an additional 63,794 shares during the period.

Saia Stock Up 1.4 %

NASDAQ SAIA traded up $6.35 during trading on Tuesday, reaching $453.69. 81,917 shares of the company’s stock were exchanged, compared to its average volume of 367,851. The company has a 50 day moving average price of $450.68 and a two-hundred day moving average price of $484.94. The stock has a market cap of $12.06 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 1.62 and a beta of 1.70. Saia, Inc. has a 1 year low of $302.35 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIAGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts anticipate that Saia, Inc. will post 15.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. BMO Capital Markets upped their price objective on shares of Saia from $490.00 to $500.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Finally, Susquehanna lowered their price target on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of “Hold” and an average target price of $497.41.

Read Our Latest Stock Report on Saia

Insider Buying and Selling

In related news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Saia Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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