Bridges Investment Management Inc. Cuts Stock Holdings in Saia, Inc. $SAIA

Bridges Investment Management Inc. decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,909 shares of the transportation company’s stock after selling 1,118 shares during the period. Bridges Investment Management Inc.’s holdings in Saia were worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SAIA. State of Wyoming purchased a new position in shares of Saia during the third quarter valued at approximately $30,000. Torren Management LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $40,000. Allworth Financial LP boosted its position in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after buying an additional 129 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Saia by 46.9% during the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after buying an additional 46 shares during the last quarter.

Saia Stock Performance

Shares of SAIA opened at $464.49 on Thursday. The firm has a market cap of $12.39 billion, a PE ratio of 48.79, a PEG ratio of 2.25 and a beta of 2.10. The stock’s fifty day moving average price is $422.27 and its two-hundred day moving average price is $372.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. Saia, Inc. has a 1 year low of $248.37 and a 1 year high of $485.00.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period in the previous year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Saia, Inc. will post 11.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. TD Cowen lifted their price target on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on Saia in a report on Friday, May 1st. Benchmark reiterated a “buy” rating on shares of Saia in a report on Wednesday. Morgan Stanley reiterated an “underweight” rating and set a $265.00 price target on shares of Saia in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $447.17.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.