UMB Bank n.a. Has $1.69 Million Position in Saia, Inc. (NASDAQ:SAIA)

UMB Bank n.a. grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,707 shares of the transportation company’s stock after purchasing an additional 37 shares during the quarter. UMB Bank n.a.’s holdings in Saia were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paladin Wealth LLC bought a new stake in Saia in the third quarter worth approximately $40,000. Quarry LP bought a new stake in shares of Saia in the 2nd quarter valued at $41,000. Tobam acquired a new position in shares of Saia during the 3rd quarter valued at $100,000. Blue Trust Inc. boosted its stake in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SAIA. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research note on Wednesday, October 9th. Stifel Nicolaus upped their target price on Saia from $440.00 to $443.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Evercore ISI cut their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $522.59.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Saia Stock Performance

SAIA stock opened at $486.89 on Tuesday. 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 has a market cap of $12.95 billion, a PE ratio of 34.78, a P/E/G ratio of 2.12 and a beta of 1.79. The business has a 50 day moving average of $505.54 and a 200-day moving average of $459.87. 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 analysts’ consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.67 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 13.49 earnings per share for the current year.

Saia 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.