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

Running Oak Capital LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,259 shares of the transportation company’s stock after selling 493 shares during the period. Saia comprises 1.8% of Running Oak Capital LLC’s investment portfolio, making the stock its 28th largest position. Running Oak Capital LLC owned 0.11% of Saia worth $13,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAIA. Artemis Investment Management LLP lifted its holdings in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after acquiring an additional 105,356 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 shares during the period. Wasatch Advisors LP grew its stake in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Saia in the third quarter worth about $22,979,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares during the last quarter.

Saia Price Performance

SAIA opened at $494.30 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The stock has a fifty day simple moving average of $502.54 and a two-hundred day simple moving average of $461.10. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $3.67 earnings per share. Research analysts predict that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIA. BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Susquehanna reissued a “neutral” rating and issued a $530.00 price target (down previously from $565.00) on shares of Saia in a report on Tuesday, January 7th. Citigroup lowered their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised their target price on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $527.65.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Saia Company Profile

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.