MQS Management LLC Purchases Shares of 739 Saia, Inc. $SAIA

MQS Management LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the 2nd quarter, Holdings Channel reports. The firm acquired 739 shares of the transportation company’s stock, valued at approximately $202,000.

Several other hedge funds also recently modified their holdings of SAIA. GAMMA Investing LLC boosted 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 period. Golden State Wealth Management LLC boosted its position in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 47 shares during the period. KBC Group NV boosted its position in shares of Saia by 8.6% in the first quarter. KBC Group NV now owns 1,187 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 94 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Saia by 256.0% in the first quarter. Teacher Retirement System of Texas now owns 4,251 shares of the transportation company’s stock valued at $1,485,000 after acquiring an additional 3,057 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Saia by 5.7% in the first quarter. ZWJ Investment Counsel Inc. now owns 63,291 shares of the transportation company’s stock valued at $22,116,000 after acquiring an additional 3,421 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Benchmark reissued a “buy” rating and issued a $360.00 price objective on shares of Saia in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $339.83.

Saia Stock Down 1.7%

Shares of NASDAQ SAIA opened at $284.33 on Wednesday. The stock has a market cap of $7.57 billion, a PE ratio of 26.25, a PEG ratio of 13.43 and a beta of 2.00. The business has a fifty day moving average of $303.28 and a two-hundred day moving average of $291.67. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

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.