Versor Investments LP Acquires 2,100 Shares of Saia, Inc. (NASDAQ:SAIA)

Versor Investments LP grew its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 527.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,498 shares of the transportation company's stock after purchasing an additional 2,100 shares during the quarter. Versor Investments LP's holdings in Saia were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SAIA. AdvisorNet Financial Inc grew its position in shares of Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company's stock worth $226,000 after purchasing an additional 21 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after buying an additional 22 shares during the period. LRI Investments LLC grew its position in Saia by 6.6% during the second quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock worth $183,000 after buying an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock worth $423,000 after acquiring an additional 27 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company's stock valued at $1,742,000 after acquiring an additional 30 shares in the last quarter.

Saia Trading Up 1.3 %

SAIA stock traded up $4.75 during trading on Tuesday, hitting $380.58. The company had a trading volume of 386,241 shares, compared to its average volume of 325,360. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $423.45 and a 200-day moving average of $473.77. The stock has a market cap of $10.12 billion, a PE ratio of 27.58, a PEG ratio of 1.81 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Research analysts predict that Saia, Inc. will post 13.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SAIA shares. Susquehanna decreased their price target on Saia from $610.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, June 12th. BMO Capital Markets cut their price target on shares of Saia from $500.00 to $480.00 and set a "market perform" rating for the company in a report on Monday, July 29th. Evercore ISI raised their target price on Saia from $523.00 to $566.00 and gave the company an "outperform" rating in a report on Tuesday, June 25th. Barclays dropped their price objective on Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a research report on Monday, July 29th. Finally, Raymond James decreased their target price on Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $488.87.

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.