QRG Capital Management Inc. Sells 164 Shares of Saia, Inc. $SAIA

QRG Capital Management Inc. cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 18.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740 shares of the transportation company’s stock after selling 164 shares during the quarter. QRG Capital Management Inc.’s holdings in Saia were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inspire Investing LLC bought a new stake in shares of Saia during the 1st quarter valued at approximately $303,000. Hunter Associates Investment Management LLC grew its holdings in shares of Saia by 55.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company’s stock valued at $3,832,000 after purchasing an additional 3,940 shares during the last quarter. Running Oak Capital LLC grew its holdings in shares of Saia by 28.1% during the 1st quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company’s stock valued at $13,544,000 after purchasing an additional 8,501 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Saia during the 1st quarter valued at approximately $483,000. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Saia by 11.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company’s stock valued at $7,488,000 after purchasing an additional 2,212 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SAIA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a report on Wednesday, October 8th. Benchmark reiterated a “buy” rating and set a $360.00 target price on shares of Saia in a research report on Thursday, September 25th. UBS Group lifted their target price on shares of Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $306.00 target price (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Evercore ISI cut their target price on shares of Saia from $345.00 to $328.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.89.

Saia Stock Down 6.7%

Shares of NASDAQ SAIA opened at $294.23 on Monday. The company has a market capitalization of $7.84 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 13.59 and a beta of 2.00. 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. The company’s 50 day moving average price is $302.69 and its 200-day moving average price is $295.53.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. The firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.83 EPS. Equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

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.