Running Oak Capital LLC Grows Position in Saia, Inc. (NASDAQ:SAIA)

Running Oak Capital LLC increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 28.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,760 shares of the transportation company's stock after purchasing an additional 8,501 shares during the quarter. Running Oak Capital LLC owned approximately 0.15% of Saia worth $13,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Saia by 69.3% in the 4th 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 during the period. Voya Investment Management LLC lifted its stake in shares of Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after purchasing an additional 49,442 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after purchasing an additional 371,232 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake 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 valued at $162,213,000 after purchasing an additional 153,896 shares during the period.

Saia Stock Down 1.6%

SAIA stock opened at $256.40 on Friday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The business has a fifty day moving average price of $276.29 and a 200-day moving average price of $382.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $6.83 billion, a P/E ratio of 21.38, a P/E/G ratio of 6.67 and a beta of 2.00.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on SAIA. Jefferies Financial Group set a $335.00 price objective on Saia and gave the company a "buy" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Bank of America lifted their price objective on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. UBS Group lowered their price objective on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded Saia to a "sell" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Saia currently has an average rating of "Hold" and a consensus price target of $333.84.

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.

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