First Hawaiian Bank Has $2.56 Million Stake in Saia, Inc. (NASDAQ:SAIA)

First Hawaiian Bank lowered its holdings in Saia, Inc. (NASDAQ:SAIA) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,387 shares of the transportation company’s stock after selling 940 shares during the quarter. First Hawaiian Bank’s holdings in Saia were worth $2,555,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Saia by 26,722.4% in the fourth quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock worth $13,635,000 after acquiring an additional 30,998 shares in the last quarter. Evoke Wealth LLC acquired a new position in Saia during the fourth quarter valued at approximately $5,802,000. Sequoia Financial Advisors LLC boosted its position in Saia by 8.5% during the first quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 43 shares during the last quarter. Franklin Resources Inc. boosted its position in Saia by 11.5% during the fourth quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock valued at $9,685,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Saia in the first quarter valued at approximately $2,953,000.

Saia Stock Down 1.4 %

Saia stock traded down $5.30 during midday trading on Monday, reaching $377.94. The stock had a trading volume of 495,979 shares, compared to its average volume of 404,570. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The company has a market capitalization of $10.05 billion, a P/E ratio of 27.28, a PEG ratio of 1.87 and a beta of 1.72. The company has a fifty day moving average price of $448.47 and a two-hundred day moving average price of $492.18. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SAIA shares. Benchmark cut their price objective on Saia from $575.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their price objective for the company from $526.00 to $475.00 in a research report on Friday, May 24th. BMO Capital Markets lowered their target price on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered their price objective on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Finally, Susquehanna reduced their target price on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $491.44.

About Saia

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.