Bridges Investment Management Inc. Sells 1,118 Shares of Saia, Inc. $SAIA

Bridges Investment Management Inc. trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,909 shares of the transportation company’s stock after selling 1,118 shares during the quarter. Bridges Investment Management Inc.’s holdings in Saia were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SAIA. State of Wyoming bought a new position in shares of Saia during the third quarter worth about $30,000. Torren Management LLC bought a new stake in Saia in the fourth quarter worth approximately $40,000. Allworth Financial LP increased its holdings in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Larson Financial Group LLC increased its holdings in Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Saia by 46.9% in the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after purchasing an additional 46 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAIA shares. Susquehanna lifted their target price on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a report on Tuesday. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. UBS Group reiterated a “buy” rating and issued a $493.00 target price on shares of Saia in a report on Wednesday, February 11th. Stephens lifted their target price on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $447.17.

Saia Trading Down 1.4%

Shares of Saia stock opened at $464.49 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Saia, Inc. has a 52 week low of $248.37 and a 52 week high of $485.00. The stock has a 50 day moving average price of $422.27 and a two-hundred day moving average price of $372.73. The stock has a market capitalization of $12.39 billion, a PE ratio of 48.79, a price-to-earnings-growth ratio of 2.25 and a beta of 2.10.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.Saia’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, equities analysts anticipate that Saia, Inc. will post 11.38 earnings per share for the current fiscal year.

About Saia

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.