US Bancorp DE Has $8.30 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

US Bancorp DE lifted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,202 shares of the transportation company's stock after buying an additional 2,012 shares during the quarter. US Bancorp DE owned 0.07% of Saia worth $8,295,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Saia during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in Saia during the fourth quarter worth $154,000. GAMMA Investing LLC raised its holdings in Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares during the last quarter. World Equity Group Inc. acquired a new position in shares of Saia in the fourth quarter worth $201,000. Finally, Pinnacle Financial Partners Inc acquired a new position in shares of Saia in the fourth quarter worth $204,000.

Insider Transactions at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SAIA shares. Citigroup cut their price target on Saia from $544.00 to $498.00 and set a "buy" rating for the company in a report on Tuesday. Stephens reissued an "overweight" rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Barclays decreased their target price on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their target price on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $530.00.

Saia Stock Down 1.7 %

NASDAQ SAIA traded down $6.69 on Friday, hitting $375.92. 458,604 shares of the stock traded hands, compared to its average volume of 402,412. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $461.82 and a 200 day moving average of $467.20. The company has a market capitalization of $10.01 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 earnings per share. As a group, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

About Saia

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.