Running Oak Capital LLC Acquires 8,501 Shares of Saia, Inc. (NASDAQ:SAIA)

Running Oak Capital LLC boosted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 28.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,760 shares of the transportation company's stock after buying 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Interval Partners LP purchased a new stake in Saia in the fourth quarter worth $89,229,000. Driehaus Capital Management LLC raised its stake in Saia by 9.0% in the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock worth $34,511,000 after buying an additional 6,274 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Saia in the fourth quarter worth about $3,363,000. Charles Schwab Investment Management Inc. boosted its position in Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAIA shares. Citigroup lifted their price target on Saia from $288.00 to $317.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Susquehanna lowered their price target on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $455.00 to $285.00 in a research note on Friday, April 25th. Finally, Barclays cut Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Saia has an average rating of "Hold" and a consensus target price of $333.84.

Saia Stock Performance

Saia stock traded down $5.09 during midday trading on Wednesday, reaching $270.09. 681,734 shares of the company traded hands, compared to its average volume of 521,617. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 7.21 and a beta of 2.00. The business has a 50 day moving average of $272.80 and a two-hundred day moving average of $378.08.

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 analysts' consensus estimates 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 analysts' expectations of $806.18 million. During the same quarter last year, the business earned $3.38 earnings per share. The business's quarterly revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict 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.