UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $32.33 Million Position in Saia, Inc. $SAIA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Saia, Inc. (NASDAQ:SAIA) by 2.8% in the 2nd quarter, Holdings Channel reports. The firm owned 76,761 shares of the transportation company’s stock after selling 2,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Saia were worth $32,329,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of Saia during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Saia during the 2nd quarter worth $27,000. Quarry LP raised its stake in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the period. Meeder Asset Management Inc. lifted its holdings in Saia by 360.0% during the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after acquiring an additional 54 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Saia during the fourth quarter worth about $36,000.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a report on Monday, August 3rd. Barclays decreased their price objective on Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. TD Cowen dropped their target price on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Finally, Susquehanna raised 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. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $449.67.

Saia Stock Up 4.1%

Shares of SAIA stock opened at $345.81 on Friday. The firm’s fifty day moving average price is $388.89 and its two-hundred day moving average price is $404.58. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The firm has a market capitalization of $9.22 billion, a P/E ratio of 33.38, a PEG ratio of 1.49 and a beta of 2.14.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.13. The firm had revenue of $956.49 million for the quarter, compared to analyst estimates of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.67 EPS. On average, equities analysts predict that Saia, Inc. will post 11.44 EPS for the current fiscal year.

Saia Company 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.