Point72 Europe London LLP Invests $1.61 Million in Saia, Inc. (NASDAQ:SAIA)

Point72 Europe London LLP bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,400 shares of the transportation company's stock, valued at approximately $1,613,000.

A number of other large investors have also recently added to or reduced their stakes in SAIA. Vanguard Group Inc. raised its holdings in Saia by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company's stock worth $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors raised its position in Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company's stock worth $625,559,000 after acquiring an additional 149,074 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Saia by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company's stock valued at $412,566,000 after acquiring an additional 22,143 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company's stock worth $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of Saia by 1.5% in the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company's stock valued at $248,876,000 after purchasing an additional 8,599 shares during the period.

Saia Price Performance

NASDAQ:SAIA traded down $18.99 on Thursday, hitting $431.28. The company had a trading volume of 379,438 shares, compared to its average volume of 391,299. Saia, Inc. has a 52 week low of $341.26 and a 52 week 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 stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.09 and a beta of 1.74. The firm has a 50 day moving average of $411.76 and a two-hundred day moving average of $458.51.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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). The firm had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. On average, research analysts anticipate that Saia, Inc. will post 13.91 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SAIA. TD Cowen upped their price objective on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. Benchmark reaffirmed a "buy" rating and set a $480.00 price target on shares of Saia in a report on Thursday, September 19th. BMO Capital Markets cut their target price on shares of Saia from $500.00 to $480.00 and set a "market perform" rating for the company in a research note on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. Finally, Susquehanna increased their target price on Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. Two equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $479.07.

Saia Company 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.