Marshall Wace LLP Has $7.49 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Marshall Wace LLP increased its position in Saia, Inc. (NASDAQ:SAIA) by 1,654.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,792 shares of the transportation company’s stock after purchasing an additional 14,892 shares during the quarter. Marshall Wace LLP’s holdings in Saia were worth $7,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIA. Pineridge Advisors LLC acquired a new position in shares of Saia in the 4th quarter valued at $26,000. Core Wealth Advisors Inc. acquired a new position in Saia in the fourth quarter valued at about $32,000. Blue Trust Inc. boosted its holdings in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Rise Advisors LLC bought a new position in Saia during the first quarter worth about $40,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Saia in the 2nd quarter valued at about $42,000.

Saia Price Performance

NASDAQ SAIA opened at $437.26 on Tuesday. The firm’s 50 day moving average is $408.66 and its 200-day moving average is $454.32. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.63 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.15 and a beta of 1.74. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Equities research analysts anticipate that Saia, Inc. will post 13.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SAIA shares. Wells Fargo & Company boosted their price objective 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. Benchmark reaffirmed a “buy” rating and set a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Raymond James dropped their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Finally, Susquehanna boosted their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus target price 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.