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Pier Capital Has Decreased Its Saia (SAIA) Holding as Stock Rose; 3M Co (MMM) Shareholder Cohen Lawrence B Has Decreased Holding

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Cohen Lawrence B decreased its stake in 3M Co (MMM) by 9.4% based on its latest 2018Q1 regulatory filing with the SEC. Cohen Lawrence B sold 1,699 shares as the company’s stock declined 18.48% with the market. The institutional investor held 16,385 shares of the medical and dental instruments company at the end of 2018Q1, valued at $3.60M, down from 18,084 at the end of the previous reported quarter. Cohen Lawrence B who had been investing in 3M Co for a number of months, seems to be less bullish one the $120.89B market cap company. The stock decreased 0.61% or $1.26 during the last trading session, reaching $203.63. About 2.22 million shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 15, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 04/05/2018 – British Airways Pensions Exits GE, Doubles Down on 3M — Barrons.com; 24/04/2018 – 3M CO – DURING THE QUARTER, CO RECORDED AN EXPENSE OF $217 MILLION, OR $0.36 PER SHARE, RELATED TO THE TAX CUTS AND JOBS ACT; 24/04/2018 – PAVILLON: 3M UNPAID LEAVE FOR ZHENG FENGWEN, EXEC DIRECTOR, CEO; 17/04/2018 – Malta Sells 3M Euros 182-day Bills at Yield -0.355%; Bid-Cover 9; 24/04/2018 – 3M 1Q EPS 98c; 15/05/2018 – AT&T Says It Added More Than 3M Subscribers Over Past 4 Qtrs in Mexico; 16/03/2018 – Canada 3M Bill Yield at 1.45% by End-2Q (Survey); 23/04/2018 – China 3M Shibor Yield at 4.40% by End-2Q18 (Survey); 08/05/2018 – 3M Board Declares Quarterly Dividend; 21/03/2018 – Switzerland 3M Yield at -0.75% by End-18 (Survey)

Pier Capital Llc decreased its stake in Saia Inc (SAIA) by 25.35% based on its latest 2018Q1 regulatory filing with the SEC. Pier Capital Llc sold 27,352 shares as the company’s stock rose 11.75% while stock markets declined. The institutional investor held 80,543 shares of the transportation company at the end of 2018Q1, valued at $6.05M, down from 107,895 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Saia Inc for a number of months, seems to be less bullish one the $2.11B market cap company. The stock decreased 1.49% or $1.25 during the last trading session, reaching $82.8. About 249,393 shares traded or 11.19% up from the average. Saia, Inc. (NASDAQ:SAIA) has risen 75.37% since June 15, 2017 and is uptrending. It has outperformed by 62.80% the S&P500. Some Historical SAIA News: 17/04/2018 – Saia LTL Freight Joins CargoNet Program; 27/04/2018 – Saia 1Q Rev $392.8M; 01/05/2018 – Saia Opens Second Seattle-area Terminal; 27/04/2018 – Saia 1Q EPS 80c; 27/04/2018 – Saia Inc. 1Q Net Income Doubles; 05/04/2018 – Saia to Relocate New Jersey Terminal; 27/04/2018 – SAIA 1Q REV. $393M, EST. $383.0M; 23/03/2018 Saia Closes Below 50-Day Moving Average: Technicals; 27/04/2018 – SAIA 1Q EPS 80C, EST. 72C; 14/05/2018 – Oak Ridge Adds Saia, Exits Maximus, Cuts AO Smith: 13F

Cohen Lawrence B, which manages about $149.10M US Long portfolio, upped its stake in Intercontinentalexchange Group Inc (NYSE:ICE) by 7,825 shares to 18,660 shares, valued at $1.35 million in 2018Q1, according to the filing.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 19.36 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It fall, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Montecito Comml Bank holds 0.46% or 6,438 shares in its portfolio. First Savings Bank Tru invested in 0.2% or 1,400 shares. Horan Capital Management reported 610 shares or 0.03% of all its holdings. Fundsmith Llp has 2.70M shares for 4.89% of their portfolio. Texas Permanent School Fund has 0.45% invested in 3M Company (NYSE:MMM). Macroview Inv Limited Company owns 333 shares. Blume Capital Management reported 0.29% of its portfolio in 3M Company (NYSE:MMM). Moreover, Woodmont Counsel Limited Co has 0.78% invested in 3M Company (NYSE:MMM) for 12,775 shares. Janney Montgomery Scott Limited Liability Co owns 196,290 shares. Glob Investors holds 0.04% in 3M Company (NYSE:MMM) or 632,326 shares. Azimuth Ltd Liability Corporation owns 49,990 shares. Fayez Sarofim & owns 0.06% invested in 3M Company (NYSE:MMM) for 50,771 shares. Motco reported 0.17% stake. First Quadrant LP Ca holds 0.03% of its portfolio in 3M Company (NYSE:MMM) for 6,700 shares. Ironwood Financial Limited Liability Co has 53 shares for 0.01% of their portfolio.

More notable recent 3M Company (NYSE:MMM) news were published by: Livetradingnews.com which released: “3M Company (NYSE:MMM) Stock Worth Watching” on May 23, 2018, also Seekingalpha.com with their article: “3M Company: It Didn’t Take A Crystal Ball To See That It Was Overvalued – Part 3” published on May 31, 2018, Bizjournals.com published: “Four Twin Cities executives make national list of influential leaders in corporate diversity” on June 13, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “3M: Buy The Dip” published on May 30, 2018 as well as Seekingalpha.com‘s news article titled: “3M Company: Time To Break Up This Giant?” with publication date: June 09, 2018.

Since January 31, 2018, it had 0 insider buys, and 16 insider sales for $30.99 million activity. Vrohidis Ippocratis also sold $56,178 worth of 3M Company (NYSE:MMM) on Thursday, February 1. On Thursday, February 1 Shin Hak Cheol sold $1.86M worth of 3M Company (NYSE:MMM) or 7,473 shares. 3,133 3M Company (NYSE:MMM) shares with value of $742,051 were sold by Little Frank R Jr.. Keel Paul A sold $3.33 million worth of 3M Company (NYSE:MMM) on Thursday, February 1. 1,681 shares were sold by Gangestad Nicholas C, worth $419,846 on Thursday, February 1. $1.02M worth of 3M Company (NYSE:MMM) was sold by Roman Michael F on Friday, February 2.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. J.P. Morgan maintained it with “Sell” rating and $221.0 target in Thursday, January 18 report. The firm has “Buy” rating by Bank of America given on Wednesday, October 25. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Tuesday, December 12. RBC Capital Markets has “Hold” rating and $215.0 target. RBC Capital Markets maintained the shares of MMM in report on Tuesday, August 4 with “Underperform” rating. UBS maintained 3M Company (NYSE:MMM) on Wednesday, December 16 with “Buy” rating. Credit Suisse maintained the stock with “Buy” rating in Wednesday, October 11 report. The firm has “Buy” rating given on Thursday, December 14 by Jefferies. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, February 13 by Deutsche Bank. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Goldman Sachs on Wednesday, October 25. As per Thursday, January 21, the company rating was initiated by Citigroup.

Another recent and important Saia, Inc. (NASDAQ:SAIA) news was published by Globenewswire.com which published an article titled: “Saia Provides Second Quarter-to-Date LTL Operating Data” on June 04, 2018.

Analysts await Saia, Inc. (NASDAQ:SAIA) to report earnings on July, 27. They expect $1.10 earnings per share, up 61.76% or $0.42 from last year’s $0.68 per share. SAIA’s profit will be $27.98M for 18.82 P/E if the $1.10 EPS becomes a reality. After $0.77 actual earnings per share reported by Saia, Inc. for the previous quarter, Wall Street now forecasts 42.86% EPS growth.

Pier Capital Llc, which manages about $585.14M US Long portfolio, upped its stake in Primoris Services Corp (NASDAQ:PRIM) by 29,958 shares to 227,564 shares, valued at $5.69 million in 2018Q1, according to the filing. It also increased its holding in New Relic Inc by 33,947 shares in the quarter, for a total of 85,786 shares, and has risen its stake in Air Transport Services Group I (NASDAQ:ATSG).

Saia, Inc. (NASDAQ:SAIA) Institutional Positions Chart

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