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

Bridges Investment Management Inc. lifted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,927 shares of the transportation company's stock after buying an additional 867 shares during the period. Bridges Investment Management Inc.'s holdings in Saia were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SAIA. Kestra Investment Management LLC bought a new stake in shares of Saia in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in shares of Saia during the 4th quarter worth approximately $154,000. GAMMA Investing LLC raised its position in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares during the period. World Equity Group Inc. acquired a new stake in Saia during the fourth quarter worth approximately $201,000. Finally, Pinnacle Financial Partners Inc acquired a new stake in shares of Saia during the fourth quarter worth $204,000.

Saia Stock Performance

SAIA stock traded down $19.10 during midday trading on Monday, hitting $390.34. The company's stock had a trading volume of 386,297 shares, compared to its average volume of 415,125. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.24 and a beta of 1.79. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average price is $470.37 and its 200 day moving average price is $468.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the firm posted $3.33 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAIA shares. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Stephens reissued an "overweight" rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Bank of America lowered their target price on Saia from $600.00 to $565.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Finally, Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $535.12.

Insider Transactions at Saia

In related news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last quarter. Corporate insiders own 0.30% of the company's stock.

About Saia

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.