Running Oak Capital LLC Cuts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Running Oak Capital LLC reduced its position in Saia, Inc. (NASDAQ:SAIA) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,259 shares of the transportation company’s stock after selling 493 shares during the period. Saia comprises approximately 1.8% of Running Oak Capital LLC’s holdings, making the stock its 28th largest position. Running Oak Capital LLC’s holdings in Saia were worth $13,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP purchased a new stake in Saia in the second quarter worth approximately $41,000. Paladin Wealth LLC bought a new position in shares of Saia during the 3rd quarter valued at $40,000. Tobam bought a new stake in shares of Saia in the third quarter worth $100,000. Blue Trust Inc. grew its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the period. Finally, GAMMA Investing LLC increased its position in Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SAIA shares. The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Susquehanna reaffirmed a “neutral” rating and set a $530.00 target price (down from $565.00) on shares of Saia in a report on Tuesday, January 7th. Bank of America cut their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus boosted their price target on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $527.65.

Saia Trading Down 1.4 %

Shares of SAIA stock opened at $494.30 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The stock’s 50-day moving average price is $502.54 and its 200-day moving average price is $461.10.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.67 earnings per share. Equities research analysts predict that Saia, Inc. will post 13.47 EPS for the current fiscal year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

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.