Highview Capital Management LLC DE Invests $1.32 Million in Saia, Inc. (NASDAQ:SAIA)

Highview Capital Management LLC DE bought a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,906 shares of the transportation company's stock, valued at approximately $1,324,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after purchasing an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after acquiring an additional 371,232 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Saia in the 4th quarter worth approximately $137,199,000. Interval Partners LP bought a new stake in shares of Saia in the 4th quarter worth approximately $89,229,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after purchasing an additional 153,896 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $277.00 price target on shares of Saia in a research report on Monday, April 28th. TD Cowen boosted their price target on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Wall Street Zen raised shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. Bank of America upped their price objective on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Morgan Stanley set a $250.00 price objective on shares of Saia in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $345.16.

Saia Stock Performance

Saia stock traded down $3.72 during trading hours on Friday, reaching $264.32. 427,907 shares of the stock were exchanged, compared to its average volume of 496,172. The stock has a market cap of $7.04 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The firm's 50 day moving average is $312.57 and its 200 day moving average is $421.63.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period in the prior year, the business earned $3.38 earnings per share. Saia's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal 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.