Intrust Bank NA Raises Stock Position in Saia, Inc. (NASDAQ:SAIA)

Intrust Bank NA grew its stake in Saia, Inc. (NASDAQ:SAIA) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,220 shares of the transportation company’s stock after buying an additional 52 shares during the period. Intrust Bank NA’s holdings in Saia were worth $535,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its stake in Saia by 68.1% in the third quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock valued at $319,755,000 after acquiring an additional 325,031 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Saia by 3.5% in 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 purchasing an additional 26,798 shares during the last quarter. Invesco Ltd. boosted its position 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 purchasing an additional 63,794 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Saia by 53.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in Saia by 4.7% during the fourth quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company’s stock worth $139,755,000 after buying an additional 14,449 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SAIA shares. TD Cowen lowered their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research report on Monday. BMO Capital Markets reduced their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a report on Monday. Raymond James upped their price objective on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Benchmark lifted their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Bank of America lowered their price objective on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $481.50.

Insider Buying and Selling

In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at approximately $3,136,228.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the sale, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Performance

Saia stock opened at $396.83 on Wednesday. The firm has a market capitalization of $10.55 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. Saia, Inc. has a one year low of $266.91 and a one year high of $628.34. The stock’s 50 day moving average price is $563.39 and its 200 day moving average price is $479.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 earnings per share. As a group, sell-side analysts expect that Saia, Inc. will post 16.13 EPS for the current fiscal year.

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.