Saia, Inc. $SAIA Shares Sold by First National Bank of Omaha

First National Bank of Omaha decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 39.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,096 shares of the transportation company’s stock after selling 4,028 shares during the period. First National Bank of Omaha’s holdings in Saia were worth $2,590,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Saia during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its holdings in Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Quarry LP grew its position in shares of Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Saia in the 4th quarter worth approximately $36,000. Finally, Torren Management LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $40,000.

Saia Stock Down 2.6%

Shares of Saia stock opened at $359.19 on Thursday. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 1.66 and a beta of 2.14. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $410.72 and its 200-day simple moving average is $407.48.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same quarter in the previous year, the firm posted $2.67 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 11.44 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SAIA. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup decreased their price objective on shares of Saia from $488.00 to $423.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Susquehanna increased their target price on shares of Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, UBS Group reduced their price target on shares of Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average target price of $449.67.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.