Bridges Investment Management Inc. Purchases 867 Shares of Saia, Inc. (NASDAQ:SAIA)

Bridges Investment Management Inc. raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 81.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,927 shares of the transportation company’s stock after purchasing an additional 867 shares during the quarter. Bridges Investment Management Inc.’s holdings in Saia were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIA. Oddo BHF Asset Management Sas bought a new stake in Saia during the third quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new position in shares of Saia during the 4th quarter worth $1,324,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saia during the 4th quarter valued at $3,363,000. Legato Capital Management LLC increased its stake in shares of Saia by 100.6% in the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock worth $713,000 after purchasing an additional 785 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after purchasing an additional 2,041 shares during the period.

Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SAIA shares. Citigroup cut their price target on Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Barclays cut their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a research report on Monday, February 24th. Finally, Raymond James reduced their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $535.12.

Saia Price Performance

Shares of Saia stock opened at $409.44 on Monday. The stock has a 50 day moving average of $470.37 and a 200 day moving average of $467.69. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The firm has a market cap of $10.90 billion, a PE ratio of 30.31, a PEG ratio of 2.24 and a beta of 1.79. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period last year, the company earned $3.33 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.