PNC Financial Services Group Inc. Boosts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

PNC Financial Services Group Inc. raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,540 shares of the transportation company’s stock after purchasing an additional 386 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Saia were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake 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 buying an additional 42 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Saia in the third quarter valued at $40,000. Quarry LP purchased a new stake in shares of Saia during the 2nd quarter worth $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia during the 2nd quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 purchasing an additional 83 shares during the period.

Insider Buying and Selling

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

SAIA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup boosted their price target on Saia from $534.00 to $651.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price objective on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Susquehanna boosted their target price on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Finally, Bank of America raised their price target on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Price Performance

SAIA stock opened at $565.96 on Wednesday. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 2.99 and a beta of 1.73. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The stock’s fifty day simple moving average is $474.70 and its 200-day simple moving average is $441.53.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business posted $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Saia, Inc. will post 13.54 EPS for the current 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.