&Partners Invests $496,000 in Saia, Inc. (NASDAQ:SAIA)

&PARTNERS acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,045 shares of the transportation company's stock, valued at approximately $496,000.

Other hedge funds have also recently bought and sold shares of the company. Evoke Wealth LLC bought a new position in Saia in the 4th quarter valued at $5,802,000. Sequoia Financial Advisors LLC boosted its position in shares of Saia by 8.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company's stock worth $319,000 after purchasing an additional 43 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Saia by 11.5% in the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company's stock worth $9,685,000 after purchasing an additional 2,272 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of Saia in the 1st quarter worth $2,953,000. Finally, Comerica Bank boosted its position in shares of Saia by 11.4% in the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company's stock worth $26,656,000 after purchasing an additional 6,244 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on SAIA. JPMorgan Chase & Co. reduced their price target on Saia from $676.00 to $580.00 and set an "overweight" rating on the stock in a research report on Monday, April 29th. BMO Capital Markets reduced their price target on Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research report on Monday, July 29th. TD Cowen reduced their price target on Saia from $475.00 to $416.00 and set a "hold" rating on the stock in a research report on Monday, July 29th. Bank of America raised their price objective on Saia from $501.00 to $555.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Finally, Benchmark dropped their price objective on Saia from $575.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $488.87.

Saia Stock Up 2.0 %

Shares of SAIA traded up $8.06 during midday trading on Friday, hitting $402.33. The stock had a trading volume of 215,260 shares, compared to its average volume of 396,141. The company has a 50 day simple moving average of $434.75 and a two-hundred day simple moving average of $482.90. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.72. 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 (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. On average, analysts anticipate that Saia, Inc. will post 13.88 EPS for the current year.

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.