M&T Bank Corp Has $2.15 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

M&T Bank Corp lowered its stake in Saia, Inc. (NASDAQ:SAIA) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,917 shares of the transportation company’s stock after selling 215 shares during the period. M&T Bank Corp’s holdings in Saia were worth $2,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Paladin Wealth LLC bought a new stake in Saia in the 3rd quarter valued at $40,000. Quarry LP acquired a new position in Saia in the 2nd quarter valued at $41,000. International Assets Investment Management LLC acquired a new position in Saia in the 2nd quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares during the period.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s 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 directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

Saia Stock Up 0.9 %

Shares of NASDAQ:SAIA opened at $528.65 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a market capitalization of $14.06 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.92 and a beta of 1.74. The company has a fifty day moving average of $503.01 and a 200-day moving average of $455.16.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm 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%. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.67 earnings per share. On average, equities analysts predict that Saia, Inc. will post 13.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SAIA shares. Bank of America boosted their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and decreased their target price for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Barclays increased their price target on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Citigroup dropped their price objective on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $514.88.

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.