Oak Ridge Investments LLC Grows Stake in Saia Inc (SAIA)
Oak Ridge Investments LLC grew its stake in shares of Saia Inc (NASDAQ:SAIA) by 7.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,822 shares of the transportation company’s stock after acquiring an additional 11,642 shares during the period. Oak Ridge Investments LLC’s holdings in Saia were worth $10,437,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. bought a new position in shares of Saia during the 4th quarter valued at approximately $36,000. Parallel Advisors LLC grew its position in shares of Saia by 83.0% during the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 666 shares during the period. Bank of Montreal Can grew its position in shares of Saia by 12.1% during the 4th quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 183 shares during the period. Everence Capital Management Inc. bought a new position in shares of Saia during the 1st quarter valued at approximately $210,000. Finally, Wedbush Securities Inc. bought a new position in shares of Saia during the 1st quarter valued at approximately $215,000.
In other Saia news, VP Paul C. Peck sold 1,265 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total value of $86,020.00. Following the sale, the vice president now directly owns 1,128 shares in the company, valued at approximately $76,704. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period last year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Saia Inc will post 4.56 earnings per share for the current year.
Several research analysts recently commented on SAIA shares. Stephens set a $71.00 price objective on shares of Saia and gave the stock a “hold” rating in a report on Thursday, May 2nd. ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. SunTrust Banks set a $77.00 price objective on shares of Saia and gave the stock a “buy” rating in a report on Tuesday, February 5th. Deutsche Bank raised shares of Saia from a “hold” rating to a “buy” rating and set a $64.84 price objective for the company in a report on Wednesday, February 6th. Finally, Wolfe Research raised shares of Saia from a “market perform” rating to an “outperform” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.58.
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Saia Company Profile
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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