Wells Fargo & Company MN Has $75.06 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Wells Fargo & Company MN grew its position in Saia, Inc. (NASDAQ:SAIA) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,279 shares of the transportation company’s stock after purchasing an additional 14,502 shares during the quarter. Wells Fargo & Company MN owned about 0.65% of Saia worth $75,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Saia by 13.3% during the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after purchasing an additional 26 shares during the last quarter. Park Place Capital Corp lifted its stake in shares of Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 32 shares during the last quarter. Xponance Inc. increased its holdings in Saia by 1.0% in the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares during the period. Axxcess Wealth Management LLC increased its holdings in Saia by 6.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $267,000 after purchasing an additional 35 shares during the period. Finally, Signaturefd LLC increased its holdings in Saia by 18.8% in the fourth quarter. Signaturefd LLC now owns 228 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 36 shares during the period.

Insiders Place Their Bets

In related news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SAIA. The Goldman Sachs Group increased their price target on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Raymond James raised their price target on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Susquehanna lifted their target price on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Bank of America dropped their target price on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and decreased their price target for the stock from $526.00 to $475.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.39.

Saia Stock Up 5.2 %

Shares of SAIA traded up $19.75 during midday trading on Friday, reaching $400.00. The stock had a trading volume of 650,729 shares, compared to its average volume of 599,508. Saia, Inc. has a 1-year low of $274.75 and a 1-year high of $628.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.37 and a beta of 1.71. The company’s fifty day simple moving average is $498.38 and its two-hundred day simple moving average is $481.13.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 earnings per share. Equities research analysts expect that Saia, Inc. will post 15.25 earnings per share for the current year.

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.