Engineers Gate Manager LP Sells 5,688 Shares of Saia, Inc. $SAIA

Engineers Gate Manager LP reduced its position in Saia, Inc. (NASDAQ:SAIA) by 31.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,226 shares of the transportation company’s stock after selling 5,688 shares during the period. Engineers Gate Manager LP’s holdings in Saia were worth $5,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAIA. Danske Bank A S bought a new position in shares of Saia during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Saia in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Quarry LP grew its holdings in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Saia in the fourth quarter worth $36,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SAIA shares. JPMorgan Chase & Co. reduced their price target on Saia from $498.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, September 4th. Morgan Stanley dropped their target price on Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $476.00 target price on shares of Saia in a research report on Thursday, July 30th. Citigroup decreased their price target on Saia from $423.00 to $417.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Stephens lowered their price target on Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $448.37.

Saia Trading Up 1.5%

NASDAQ:SAIA opened at $351.05 on Friday. The company has a market capitalization of $9.36 billion, a P/E ratio of 33.89, a PEG ratio of 2.79 and a beta of 2.14. 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, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The firm has a fifty day simple moving average of $380.60 and a 200-day simple moving average of $402.78.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating 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 firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.67 EPS. On average, equities research analysts anticipate that Saia, Inc. will post 11.43 earnings per share for the current year.

Saia Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia’s services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.