Bridges Investment Management Inc. Has $1.30 Million Holdings in Saia, Inc. $SAIA

Bridges Investment Management Inc. increased its holdings in Saia, Inc. (NASDAQ:SAIA) by 15.8% during the second quarter, HoldingsChannel reports. The fund owned 4,725 shares of the transportation company’s stock after acquiring an additional 644 shares during the quarter. Bridges Investment Management Inc.’s holdings in Saia were worth $1,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after acquiring an additional 47 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after acquiring an additional 72 shares during the last quarter. CWM LLC raised its holdings in shares of Saia by 21.6% in the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares during the last quarter. Mattson Financial Services LLC raised its holdings in shares of Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after acquiring an additional 57 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Saia in the 1st quarter worth about $135,000.

Saia Trading Up 2.5%

Shares of SAIA stock opened at $304.31 on Friday. The company has a 50 day moving average of $303.02 and a 200-day moving average of $294.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The firm has a market cap of $8.11 billion, a P/E ratio of 28.10, a PEG ratio of 13.78 and a beta of 2.00.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same quarter last year, the business posted $3.83 EPS. Saia’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Susquehanna upgraded shares of Saia from a “neutral” rating to a “positive” rating and increased their price objective for the company from $340.00 to $360.00 in a research note on Wednesday, September 10th. Citigroup decreased their price objective on shares of Saia from $373.00 to $371.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research upgraded shares of Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Evercore ISI decreased their price objective on shares of Saia from $345.00 to $328.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.28.

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.