Susquehanna Fundamental Investments LLC Purchases 1,300 Shares of Saia, Inc. (NASDAQ:SAIA)

Susquehanna Fundamental Investments LLC grew its position in shares of Saia, Inc. (NASDAQ:SAIA) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,950 shares of the transportation company’s stock after purchasing an additional 1,300 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Saia were worth $1,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new stake in shares of Saia in the 1st quarter valued at $244,000. Rhumbline Advisers boosted its position in Saia by 1.0% during the first quarter. Rhumbline Advisers now owns 75,392 shares of the transportation company’s stock valued at $17,384,000 after buying an additional 717 shares during the period. Fifth Third Bancorp grew its stake in shares of Saia by 10.4% during the first quarter. Fifth Third Bancorp now owns 1,658 shares of the transportation company’s stock valued at $382,000 after buying an additional 156 shares during the last quarter. The PNC Financial Services Group Inc. increased its holdings in shares of Saia by 9.9% in the first quarter. The PNC Financial Services Group Inc. now owns 7,665 shares of the transportation company’s stock worth $1,768,000 after buying an additional 690 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Saia by 1.2% in the 1st quarter. Swiss National Bank now owns 59,800 shares of the transportation company’s stock valued at $13,789,000 after acquiring an additional 700 shares during the last quarter.

Shares of NASDAQ:SAIA opened at $243.27 on Friday. The company has a market cap of $6.41 billion, a P/E ratio of 35.72, a PEG ratio of 1.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.24 and a quick ratio of 1.24. Saia, Inc. has a 1 year low of $121.14 and a 1 year high of $259.13. The stock’s fifty day moving average price is $236.24 and its 200-day moving average price is $227.86.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, July 29th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.34. The business had revenue of $571.33 million during the quarter, compared to the consensus estimate of $549.40 million. Saia had a net margin of 9.02% and a return on equity of 18.43%. On average, sell-side analysts anticipate that Saia, Inc. will post 7.96 earnings per share for the current year.

SAIA has been the subject of a number of recent analyst reports. Stifel Nicolaus began coverage on shares of Saia in a report on Monday, June 21st. They set a “hold” rating for the company. Truist Securities lowered their price objective on shares of Saia from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 29th. Wells Fargo & Company raised their target price on Saia from $257.00 to $277.00 and gave the stock an “overweight” rating in a research note on Friday, July 30th. Zacks Investment Research raised Saia from a “hold” rating to a “strong-buy” rating and set a $258.00 price target for the company in a research report on Wednesday, August 4th. Finally, Bank of America upgraded Saia from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $196.00 to $236.00 in a report on Monday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $230.92.

In related news, Director Richard D. Odell sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $238.03, for a total transaction of $1,190,150.00. Following the completion of the transaction, the director now owns 6,548 shares of the company’s stock, valued at approximately $1,558,620.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

About Saia

Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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