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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 2.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,761 shares of the transportation company’s stock after selling 2,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Saia worth $32,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAIA. Danske Bank A S acquired a new stake in Saia in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Saia during the second quarter worth approximately $27,000. Quarry LP increased its holdings in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares in the last quarter. Meeder Asset Management Inc. raised its position in Saia by 360.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Saia in the 4th quarter worth approximately $36,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAIA. BMO Capital Markets increased their price objective on Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Benchmark reiterated a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Wells Fargo & Company lowered their price objective on Saia from $490.00 to $400.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Finally, Bank of America raised Saia from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $499.00 to $502.00 in a report on Monday, July 13th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.67.

Saia Stock Performance

SAIA stock opened at $345.81 on Friday. The business’s fifty day moving average is $388.89 and its 200-day moving average is $404.58. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The company has a market cap of $9.22 billion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 1.49 and a beta of 2.14. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71.

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

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.