Comerica Bank Decreases Stake in Saia, Inc. (NASDAQ:SAIA)

Comerica Bank reduced its holdings in Saia, Inc. (NASDAQ:SAIA) by 29.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,131 shares of the transportation company’s stock after selling 17,697 shares during the period. Comerica Bank owned approximately 0.16% of Saia worth $25,232,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SAIA. Bank of America boosted their price target on shares of Saia from $501.00 to $555.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. TD Cowen dropped their price objective on shares of Saia from $475.00 to $416.00 and set a “hold” rating for the company in a report on Monday. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and dropped their price objective for the company from $526.00 to $475.00 in a report on Friday, May 24th. JPMorgan Chase & Co. dropped their price objective on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, BMO Capital Markets dropped their price objective on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of “Hold” and a consensus target price of $491.44.

Saia Stock Performance

Saia stock traded down $21.12 during trading hours on Thursday, reaching $396.73. 353,616 shares of the stock were exchanged, compared to its average volume of 400,871. The stock has a market cap of $10.55 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.86 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.23 and a current ratio of 1.36. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The firm’s 50 day moving average is $448.51 and its 200 day moving average is $492.46.

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.