835 Shares in Saia, Inc. (NASDAQ:SAIA) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 835 shares of the transportation company’s stock, valued at approximately $489,000.

Several other large investors have also made changes to their positions in the company. AdvisorNet Financial Inc raised its position in shares of Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after buying an additional 21 shares during the period. Allworth Financial LP raised its position in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after buying an additional 26 shares during the period. Park Place Capital Corp raised its position in Saia by 11.1% in the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 32 shares during the period. Xponance Inc. raised its position in Saia by 1.0% in the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares during the period. Finally, HMS Capital Management LLC raised its position in Saia by 3.6% in the first quarter. HMS Capital Management LLC now owns 952 shares of the transportation company’s stock valued at $557,000 after purchasing an additional 33 shares during the period.

Saia Stock Down 0.7 %

NASDAQ:SAIA traded down $3.15 during mid-day trading on Wednesday, reaching $435.36. The stock had a trading volume of 15,158 shares, compared to its average volume of 366,089. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.72. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The stock’s 50 day simple moving average is $430.02 and its two-hundred day simple moving average is $490.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $2.85 earnings per share. Equities analysts anticipate that Saia, Inc. will post 15.31 EPS for the current year.

Insider Buying and Selling

In related news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now directly owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company assumed coverage on Saia in a research report on Friday, June 7th. They issued an “equal weight” rating and a $445.00 price objective on the stock. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their price objective for the company from $526.00 to $475.00 in a research report on Friday, May 24th. StockNews.com lowered Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. cut their price objective on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Finally, Benchmark raised their price objective on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus target price of $498.00.

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.