Running Oak Capital LLC Has $16.05 Million Stock Holdings in Saia, Inc. $SAIA

Running Oak Capital LLC grew its position in shares of Saia, Inc. (NASDAQ:SAIA) by 51.1% in the second quarter, HoldingsChannel reports. The fund owned 58,573 shares of the transportation company’s stock after acquiring an additional 19,813 shares during the period. Running Oak Capital LLC’s holdings in Saia were worth $16,048,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its holdings in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. NBC Securities Inc. bought a new stake in Saia during the 1st quarter worth about $43,000. Mattson Financial Services LLC boosted its stake in shares of Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Saia in the 1st quarter valued at about $135,000. Finally, GAMMA Investing LLC increased its position in shares of Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 74 shares during the last quarter.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $297.42 on Monday. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company’s 50 day moving average price is $302.48 and its two-hundred day moving average price is $297.83. The firm has a market cap of $7.92 billion, a PE ratio of 27.46, a PEG ratio of 13.59 and a beta of 2.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 earnings per share. Equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of several recent research reports. Susquehanna raised Saia from a “neutral” rating to a “positive” rating and increased their price target for the company from $340.00 to $360.00 in a research report on Wednesday, September 10th. Evercore ISI cut their price objective on Saia from $345.00 to $328.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Stephens boosted their target price on shares of Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.89.

Saia 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.