Oak Ridge Investments LLC Sells 14,682 Shares of Saia, Inc. $SAIA

Oak Ridge Investments LLC lessened its position in Saia, Inc. (NASDAQ:SAIA) by 68.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,759 shares of the transportation company’s stock after selling 14,682 shares during the period. Oak Ridge Investments LLC’s holdings in Saia were worth $1,852,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in 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. grew its holdings in 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. Mattson Financial Services LLC grew its holdings in 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. Picton Mahoney Asset Management bought a new stake in Saia in the 1st quarter worth $135,000. Finally, GAMMA Investing LLC grew its holdings in Saia by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock worth $154,000 after acquiring an additional 74 shares during the last quarter.

Analyst Ratings Changes

SAIA has been the topic of a number of recent analyst reports. Susquehanna raised shares of Saia from a “neutral” rating to a “positive” rating and raised their price target for the stock from $340.00 to $360.00 in a report on Wednesday, September 10th. Barclays lifted their target price on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Citigroup cut their target price on shares of Saia from $393.00 to $373.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. UBS Group lifted their target price on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Evercore ISI cut their target price on shares of Saia from $345.00 to $328.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $337.89.

Saia Trading Down 6.7%

Shares of NASDAQ SAIA opened at $294.23 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The stock has a market cap of $7.84 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 13.62 and a beta of 2.00. The firm has a 50-day moving average of $302.69 and a 200 day moving average of $296.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

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, beating analysts’ consensus estimates 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 analysts’ expectations of $826.59 million. During the same period last year, the company posted $3.83 EPS. Saia’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 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.