Quarry LP Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Quarry LP bought a new position in Saia, Inc. (NASDAQ:SAIA) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 86 shares of the transportation company’s stock, valued at approximately $41,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in Saia by 8.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after purchasing an additional 43 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of Saia during the 1st quarter valued at $2,953,000. Comerica Bank grew its position in shares of Saia by 11.4% during the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock valued at $26,656,000 after acquiring an additional 6,244 shares during the period. Norden Group LLC grew its position in shares of Saia by 1,556.1% during the 1st quarter. Norden Group LLC now owns 26,299 shares of the transportation company’s stock valued at $15,385,000 after acquiring an additional 24,711 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on SAIA shares. Wells Fargo & Company upped their target price on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Raymond James dropped their target price on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. JPMorgan Chase & Co. upped their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. TD Cowen boosted their price target on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Finally, Benchmark reiterated a “buy” rating and issued a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $488.43.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $428.14 on Friday. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.03 and a beta of 1.74. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The firm’s 50-day moving average is $406.02 and its 200 day moving average is $451.28. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). The firm had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Research analysts predict that Saia, Inc. will post 13.91 EPS 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.