Fox Run Management L.L.C. Takes Position in Saia, Inc. $SAIA

Fox Run Management L.L.C. bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,759 shares of the transportation company’s stock, valued at approximately $741,000.

Several other large investors also recently bought and sold shares of the business. Boomfish Wealth Group LLC lifted its position in Saia by 46.8% during the second quarter. Boomfish Wealth Group LLC now owns 998 shares of the transportation company’s stock valued at $420,000 after purchasing an additional 318 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Saia by 7.4% in the 2nd quarter. Eagle Bay Advisors LLC now owns 638 shares of the transportation company’s stock worth $269,000 after buying an additional 44 shares during the last quarter. TCW Group Inc. raised its position in shares of Saia by 39.1% during the 2nd quarter. TCW Group Inc. now owns 986 shares of the transportation company’s stock valued at $415,000 after buying an additional 277 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Saia during the 2nd quarter valued at about $244,000. Finally, Dockside LLC lifted its holdings in shares of Saia by 167.8% in the 2nd quarter. Dockside LLC now owns 6,170 shares of the transportation company’s stock valued at $2,599,000 after acquiring an additional 15,266 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on SAIA shares. Citigroup dropped their price target on Saia from $488.00 to $423.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $476.00 price objective on shares of Saia in a research note on Thursday, July 30th. Stephens dropped their target price on Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Morgan Stanley cut their target price on Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $449.67.

Saia Price Performance

SAIA stock opened at $384.32 on Friday. The stock has a market cap of $10.25 billion, a PE ratio of 37.10, a P/E/G ratio of 1.71 and a beta of 2.14. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The company has a 50-day moving average price of $416.93 and a 200 day moving average price of $406.56. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.13. The firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 11.46 earnings per share for the current year.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.