Bridges Investment Management Inc. Makes New $503,000 Investment in Saia, Inc. (NASDAQ:SAIA)

Bridges Investment Management Inc. purchased a new position in Saia, Inc. (NASDAQ:SAIA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,060 shares of the transportation company’s stock, valued at approximately $503,000.

A number of other institutional investors have also bought and sold shares of SAIA. Intech Investment Management LLC bought a new position in shares of Saia during the 2nd quarter valued at about $689,000. Inspire Investing LLC boosted its holdings in shares of Saia by 21.5% during the 2nd quarter. Inspire Investing LLC now owns 747 shares of the transportation company’s stock valued at $354,000 after purchasing an additional 132 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Saia by 18.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,506 shares of the transportation company’s stock valued at $1,582,000 after purchasing an additional 535 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Saia by 21.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock valued at $486,000 after purchasing an additional 182 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of Saia by 14.8% during the 2nd quarter. Primecap Management Co. CA now owns 70,600 shares of the transportation company’s stock valued at $33,485,000 after purchasing an additional 9,100 shares during the last quarter.

Saia Stock Down 3.8 %

Shares of NASDAQ:SAIA opened at $436.78 on Friday. Saia, Inc. has a 1 year low of $341.26 and a 1 year high of $628.34. The business has a 50 day simple moving average of $414.29 and a two-hundred day simple moving average of $461.61. The firm has a market capitalization of $11.61 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36.

Saia (NASDAQ:SAIA) last announced its earnings results 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 net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. On average, equities analysts predict that Saia, Inc. will post 13.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on SAIA shares. Raymond James dropped their price objective on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Bank of America increased their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays lowered their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Susquehanna lifted their price target on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research 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 issued a buy rating to the stock. According to MarketBeat, Saia presently has an average rating of “Hold” and an average target price of $479.07.

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.