Canandaigua National Bank & Trust Co. Sells 110 Shares of Saia, Inc. (NASDAQ:SAIA)

Canandaigua National Bank & Trust Co. reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 566 shares of the transportation company’s stock after selling 110 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Saia were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after purchasing an additional 149,074 shares in the last quarter. American Century Companies Inc. boosted its holdings in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Saia during the 1st quarter worth $27,733,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after acquiring an additional 45,155 shares during the last quarter. Finally, Natixis Investment Managers International lifted its holdings in shares of Saia by 53.7% during the 4th quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company’s stock worth $41,951,000 after acquiring an additional 33,445 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ SAIA opened at $428.14 on Friday. The firm has a market capitalization of $11.38 billion, a P/E ratio of 31.02, a PEG ratio of 2.03 and a beta of 1.74. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The company’s fifty day moving average is $406.02 and its two-hundred day moving average is $451.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Analysts forecast that Saia, Inc. will post 13.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Barclays dropped their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Benchmark reiterated a “buy” rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Finally, BMO Capital Markets decreased 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, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average target price of $488.43.

Saia Company 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.