Oak Ridge Investments LLC Grows Stake in Saia, Inc. (NASDAQ:SAIA)

Oak Ridge Investments LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,731 shares of the transportation company’s stock after purchasing an additional 548 shares during the period. Saia comprises 0.7% of Oak Ridge Investments LLC’s portfolio, making the stock its 28th biggest position. Oak Ridge Investments LLC owned 0.08% of Saia worth $9,448,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SAIA. Mercer Global Advisors Inc. ADV raised its holdings in shares of Saia by 21.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock valued at $486,000 after acquiring an additional 182 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Saia by 18.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,506 shares of the transportation company’s stock valued at $1,582,000 after purchasing an additional 535 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Saia by 21.5% in the 2nd quarter. Inspire Investing LLC now owns 747 shares of the transportation company’s stock worth $354,000 after purchasing an additional 132 shares during the period. Intech Investment Management LLC bought a new position in shares of Saia during the second quarter valued at approximately $689,000. Finally, Bridges Investment Management Inc. bought a new position in shares of Saia during the second quarter valued at approximately $503,000.

Saia Price Performance

Shares of NASDAQ SAIA opened at $486.89 on Friday. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The business’s 50 day moving average price is $506.97 and its 200 day moving average price is $459.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.95 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the company earned $3.67 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Saia, Inc. will post 13.49 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SAIA shares. The Goldman Sachs Group upped their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Barclays dropped their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday. Stephens lifted their target price on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Susquehanna reissued a “neutral” rating and set a $530.00 price target (down from $565.00) on shares of Saia in a research report on Tuesday, January 7th. Finally, Citigroup cut their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $522.59.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value 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 approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

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.