Wells Fargo & Company MN Acquires 1,052 Shares of Saia, Inc. (NASDAQ:SAIA)

Wells Fargo & Company MN raised its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,333 shares of the transportation company's stock after acquiring an additional 1,052 shares during the period. Wells Fargo & Company MN owned approximately 0.62% of Saia worth $75,347,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in Saia in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc bought a new stake in Saia during the fourth quarter worth $36,000. Huntington National Bank boosted its holdings in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after purchasing an additional 49 shares during the last quarter.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $9.24 during mid-day trading on Monday, reaching $339.61. 46,098 shares of the company's stock were exchanged, compared to its average volume of 452,408. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The firm has a 50-day moving average price of $396.39 and a two-hundred day moving average price of $456.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 52 week low of $287.50 and a 52 week high of $624.55.

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Saia (NASDAQ:SAIA - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 earnings per share. Analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SAIA shares. BMO Capital Markets raised Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price objective on the stock in a research note on Monday, April 7th. Stephens restated an "overweight" rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. TD Cowen increased their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Citigroup reduced their target price on Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Susquehanna decreased their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Saia presently has an average rating of "Moderate Buy" and an average target price of $486.83.

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were 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 in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction 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 directly owns 4,287 shares of the company's stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last 90 days. Insiders own 0.30% of the company's stock.

Saia Company 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.