Fox Run Management L.L.C. Makes New Investment in Saia, Inc. $SAIA

Fox Run Management L.L.C. acquired a new position in Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,759 shares of the transportation company’s stock, valued at approximately $741,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its position in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC bought a new position in Saia in the 4th quarter worth $36,000. Torren Management LLC purchased a new stake in shares of Saia in the 4th quarter worth about $40,000. Larson Financial Group LLC lifted its position in shares of Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Saia by 46.9% in the 4th quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after purchasing an additional 46 shares during the period.

Saia Stock Up 1.1%

NASDAQ:SAIA opened at $384.32 on Friday. The firm has a market cap of $10.25 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.71 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The firm has a 50-day simple moving average of $416.93 and a two-hundred day simple moving average of $406.56.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Evercore upgraded shares of Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. UBS Group lowered their price objective on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a report on Friday, July 31st. TD Cowen cut their price objective on Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Barclays reduced their target price on Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Raymond James Financial decreased their target price on Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus target price of $449.67.

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.