Oppenheimer Asset Management Inc. Buys 3,319 Shares of Saia, Inc. (NASDAQ:SAIA)

Oppenheimer Asset Management Inc. boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 51.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,722 shares of the transportation company's stock after buying an additional 3,319 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Saia were worth $4,611,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Saia in the fourth quarter valued at about $44,000. Principal Securities Inc. bought a new position in shares of Saia during the fourth quarter worth approximately $146,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Saia by 2.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,947 shares of the transportation company's stock valued at $1,291,000 after buying an additional 60 shares in the last quarter. Norges Bank bought a new stake in shares of Saia in the fourth quarter valued at approximately $201,117,000. Finally, UBS Group AG grew its position in Saia by 45.2% during 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.

Analysts Set New Price Targets

Several brokerages have weighed in on SAIA. Wells Fargo & Company lifted their price objective on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. Bank of America boosted their price target on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. TD Cowen upped their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Benchmark reissued a "buy" rating and issued a $480.00 target price on shares of Saia in a report on Thursday, September 5th. Finally, Susquehanna dropped their target price on shares of Saia from $610.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $476.73.

Saia Trading Up 0.5 %

Shares of SAIA stock traded up $2.32 during mid-day trading on Monday, reaching $434.81. 216,578 shares of the stock traded hands, compared to its average volume of 392,864. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock's fifty day simple moving average is $415.01 and its two-hundred day simple moving average is $465.81. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34.

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 analysts' consensus estimates 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 the consensus estimate of $821.60 million. On average, research analysts anticipate that Saia, Inc. will post 13.92 EPS for the current fiscal year.

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.