AQR Capital Management LLC Has $1.10 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

AQR Capital Management LLC reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 55.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,339 shares of the transportation company’s stock after selling 2,877 shares during the quarter. AQR Capital Management LLC’s holdings in Saia were worth $1,100,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. AdvisorNet Financial Inc grew its stake in Saia by 5.7% during the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after buying an additional 21 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after purchasing an additional 27 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after purchasing an additional 30 shares during the last quarter.

Saia Trading Up 5.1 %

NASDAQ SAIA opened at $463.37 on Friday. The stock has a market capitalization of $12.32 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.11 and a beta of 1.74. The business has a 50 day simple moving average of $410.48 and a 200 day simple moving average of $447.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Research analysts expect that Saia, Inc. will post 13.94 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of several research analyst reports. Evercore ISI lowered their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Barclays cut their price target on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets lowered their price objective on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Susquehanna lifted their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Finally, Citigroup began coverage on shares of Saia in a report on Wednesday. They set a “buy” rating and a $518.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $492.00.

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.