Bridges Investment Management Inc. Takes Position in Saia, Inc. (NASDAQ:SAIA)

Bridges Investment Management Inc. purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the 2nd quarter, Holdings Channel reports. The fund purchased 1,060 shares of the transportation company’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG raised its stake in Saia by 45.2% in the fourth quarter. UBS Group AG now owns 33,065 shares of the transportation company’s stock worth $14,490,000 after buying an additional 10,297 shares in the last quarter. Wells Fargo & Company MN raised its stake in Saia by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 171,279 shares of the transportation company’s stock worth $75,058,000 after buying an additional 14,502 shares in the last quarter. Franklin Resources Inc. raised its stake in Saia by 11.5% in the fourth quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock worth $9,685,000 after buying an additional 2,272 shares in the last quarter. US Bancorp DE raised its stake in Saia by 150.9% in the fourth quarter. US Bancorp DE now owns 20,934 shares of the transportation company’s stock worth $9,174,000 after buying an additional 12,592 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in Saia by 3.7% in the fourth quarter. Primecap Management Co. CA now owns 61,500 shares of the transportation company’s stock worth $26,951,000 after buying an additional 2,200 shares in the last quarter.

Saia Price Performance

NASDAQ:SAIA opened at $436.78 on Friday. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.05 and a beta of 1.74. The firm’s fifty day moving average is $414.29 and its two-hundred day moving average is $461.61.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Research analysts expect that Saia, Inc. will post 13.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAIA. TD Cowen upped their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Raymond James reduced their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Susquehanna upped their price target on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday. Evercore ISI upped their price target on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Finally, Barclays reduced their price target on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $479.07.

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.