Bridges Investment Management Inc. Buys 2,154 Shares of Saia, Inc. (NASDAQ:SAIA)

Bridges Investment Management Inc. increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 111.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,081 shares of the transportation company's stock after acquiring an additional 2,154 shares during the quarter. Bridges Investment Management Inc.'s holdings in Saia were worth $1,426,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SAIA. Jones Financial Companies Lllp grew its holdings in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Saia during the 4th quarter worth approximately $15,577,000. Raymond James Financial Inc. acquired a new stake in shares of Saia during the 4th quarter worth approximately $46,514,000. PNC Financial Services Group Inc. grew its holdings in shares of Saia by 10.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the transportation company's stock worth $1,779,000 after purchasing an additional 364 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Saia during the 4th quarter worth approximately $201,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen raised Saia to a "sell" rating in a report on Tuesday, May 13th. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and boosted their price target for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Evercore ISI decreased their price target on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, BMO Capital Markets lowered Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $455.00 to $285.00 in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $338.26.

Saia Trading Up 1.7%

NASDAQ:SAIA traded up $5.12 during mid-day trading on Thursday, hitting $306.78. The company had a trading volume of 703,729 shares, compared to its average volume of 529,312. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The business's fifty day moving average is $270.55 and its two-hundred day moving average is $362.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $8.17 billion, a P/E ratio of 25.59, a P/E/G ratio of 7.77 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 9.91% and a return on equity of 14.21%. The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same period in the previous year, the company posted $3.38 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

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.