First Hawaiian Bank Sells 940 Shares of Saia, Inc. (NASDAQ:SAIA)

First Hawaiian Bank lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 14.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,387 shares of the transportation company’s stock after selling 940 shares during the period. First Hawaiian Bank’s holdings in Saia were worth $2,555,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new stake in Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia in the fourth quarter valued at approximately $32,000. Rise Advisors LLC acquired a new stake in shares of Saia in the first quarter valued at approximately $40,000. GAMMA Investing LLC acquired a new stake in Saia in the fourth quarter valued at about $43,000. Finally, National Bank of Canada FI bought a new stake in shares of Saia during the fourth quarter worth $44,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SAIA shares. Wells Fargo & Company decreased their price target on shares of Saia from $445.00 to $400.00 and set an “equal weight” rating for the company in a research report on Monday, July 29th. The Goldman Sachs Group upped their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays dropped their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Susquehanna dropped their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Finally, Bank of America boosted their price target on shares of Saia from $501.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia has an average rating of “Hold” and an average target price of $491.44.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $5.30 during trading on Monday, hitting $377.94. 495,979 shares of the company were exchanged, compared to its average volume of 404,570. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.23. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a market cap of $10.05 billion, a PE ratio of 27.28, a P/E/G ratio of 1.87 and a beta of 1.72. The stock has a 50 day moving average of $448.47 and a 200 day moving average of $492.18.

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.