Brasada Capital Management LP Acquires Shares of 1,750 Saia, Inc. (NASDAQ:SAIA)

Brasada Capital Management LP acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,750 shares of the transportation company's stock, valued at approximately $830,000.

Several other hedge funds have also added to or reduced their stakes in SAIA. Capital Research Global Investors increased its position in shares of Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company's stock worth $403,275,000 after acquiring an additional 519,819 shares in the last quarter. Norges Bank bought a new position in Saia during the 4th quarter worth about $201,117,000. Clearbridge Investments LLC acquired a new stake in shares of Saia in the 1st quarter valued at about $27,733,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company's stock valued at $414,425,000 after purchasing an additional 45,155 shares in the last quarter. Finally, Natixis Investment Managers International boosted its position in shares of Saia by 53.7% during the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company's stock worth $41,951,000 after buying an additional 33,445 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAIA shares. Raymond James dropped their target price on Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a research report on Monday, June 24th. TD Cowen raised their price target on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Bank of America increased their price objective on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Finally, Benchmark restated a "buy" rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $476.73.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $5.50 during mid-day trading on Wednesday, reaching $421.14. 230,567 shares of the company were exchanged, compared to its average volume of 327,532. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The stock has a market capitalization of $11.20 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.90 and a beta of 1.74. The company's 50-day simple moving average is $417.63 and its 200-day simple moving average is $468.87. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. As a group, research analysts predict that Saia, Inc. will post 13.91 earnings per share for the current year.

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.