Fulton Bank N.A. Sells 56 Shares of Saia, Inc. (NASDAQ:SAIA)

Fulton Bank N.A. decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,532 shares of the transportation company’s stock after selling 56 shares during the period. Fulton Bank N.A.’s holdings in Saia were worth $698,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after purchasing an additional 98,383 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after buying an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Saia in the 3rd quarter worth $22,979,000. Finally, International Assets Investment Management LLC grew its position in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after buying an additional 38,827 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of several recent research reports. Citigroup decreased their price objective on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Evercore ISI lowered their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and cut their price objective for the company from $440.00 to $437.00 in a report on Monday, October 21st. Benchmark restated a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Finally, BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $511.65.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

Saia Stock Performance

SAIA opened at $448.22 on Friday. The company has a market cap of $11.92 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $513.32 and its 200-day moving average price is $459.64. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.67 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 13.51 EPS for the current fiscal year.

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.