Canandaigua National Bank & Trust Co. Has $237,000 Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Canandaigua National Bank & Trust Co. trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 521 shares of the transportation company’s stock after selling 45 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Saia were worth $237,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SAIA. Oddo BHF Asset Management Sas acquired a new position in shares of Saia in the 3rd quarter valued at about $1,408,000. MML Investors Services LLC increased its stake in Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia in the 3rd quarter worth approximately $22,979,000. BNP Paribas Financial Markets boosted its stake in shares of Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Saia by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after acquiring an additional 3,886 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SAIA. Jefferies Financial Group lifted their price objective on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a report on Wednesday, October 9th. Stephens increased their price objective on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Barclays lifted their target price on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup dropped their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $511.65.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Saia Stock Performance

SAIA opened at $458.25 on Wednesday. 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 stock’s 50 day moving average price is $514.18 and its two-hundred day moving average price is $459.72. The firm has a market capitalization of $12.19 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34.

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