Country Club Bank Has $2.60 Million Stake in Saia, Inc. $SAIA

Country Club Bank trimmed its stake in Saia, Inc. (NASDAQ:SAIA) by 34.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,823 shares of the transportation company’s stock after selling 4,709 shares during the period. Country Club Bank’s holdings in Saia were worth $2,600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its holdings in Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares during the last quarter. AlphaQuest LLC acquired a new position in Saia in the 2nd quarter valued at $41,000. Blue Trust Inc. grew its stake in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after buying an additional 72 shares during the last quarter. CWM LLC raised its holdings in Saia by 21.6% in the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares during the period. Finally, Mattson Financial Services LLC lifted its position in Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after acquiring an additional 57 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAIA. Citigroup lowered their price target on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Benchmark restated a “buy” rating on shares of Saia in a research note on Wednesday, December 3rd. UBS Group lifted their price target on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Zacks Research raised Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Rothschild Redb upgraded shares of Saia to a “hold” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average target price of $335.85.

Insider Buying and Selling

In other Saia news, Director Donna E. Epps purchased 422 shares of the stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the transaction, the director directly owned 1,852 shares in the company, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by corporate insiders.

Saia Trading Down 3.5%

Shares of SAIA stock opened at $328.00 on Thursday. The company has a market capitalization of $8.74 billion, a P/E ratio of 30.97, a P/E/G ratio of 11.00 and a beta of 2.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $545.12. The firm has a 50-day moving average price of $296.90 and a 200 day moving average price of $294.45.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $3.46 EPS. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.