Cozad Asset Management Inc. Sells 1,940 Shares of Saia, Inc. (NASDAQ:SAIA)

Cozad Asset Management Inc. cut its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 30.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,360 shares of the transportation company's stock after selling 1,940 shares during the period. Cozad Asset Management Inc.'s holdings in Saia were worth $2,068,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pineridge Advisors LLC purchased a new stake in shares of Saia in the 4th quarter worth $26,000. Blue Trust Inc. grew its stake in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Rise Advisors LLC acquired a new position in Saia during the 1st quarter valued at approximately $40,000. Core Wealth Advisors Inc. acquired a new stake in Saia during the 4th quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Saia during the second quarter worth about $42,000.

Saia Stock Performance

Shares of SAIA traded up $36.73 during mid-day trading on Wednesday, hitting $417.31. The company's stock had a trading volume of 734,295 shares, compared to its average volume of 396,538. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $11.10 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.74. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The stock's 50-day moving average is $422.50 and its two-hundred day moving average is $473.37.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAIA. BMO Capital Markets decreased their price target on Saia from $500.00 to $480.00 and set a "market perform" rating for the company in a report on Monday, July 29th. TD Cowen reduced their target price on Saia from $475.00 to $416.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Susquehanna dropped their price target on shares of Saia from $610.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, June 12th. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and decreased their price objective for the company from $526.00 to $475.00 in a report on Friday, May 24th. Finally, Wells Fargo & Company cut their target price on shares of Saia from $445.00 to $400.00 and set an "equal weight" rating for the company in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $488.87.

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.