Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 2.7% in the 4th quarter, according to the company in its most recent 13F 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 about 0.7% of Oak Ridge Investments LLC’s portfolio, making the stock its 28th largest holding. Oak Ridge Investments LLC’s holdings in Saia were worth $9,448,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia in the third quarter valued at approximately $1,408,000. MML Investors Services LLC grew its stake in Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after acquiring an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia in the 3rd quarter worth $22,979,000. BNP Paribas Financial Markets raised its position in Saia by 61.7% during the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock worth $1,617,000 after acquiring an additional 1,411 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Saia by 6.0% during the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after purchasing an additional 3,886 shares in the last quarter.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SAIA. Stephens boosted their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Bank of America decreased their target price on Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus boosted their price target on Saia from $440.00 to $443.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Citigroup reduced their price objective on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $522.59.

Saia Price Performance

Shares of SAIA stock opened at $486.89 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $12.95 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79. The firm’s 50-day moving average is $506.97 and its two-hundred day moving average is $459.83. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

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