Oppenheimer Asset Management Inc. Sells 4,957 Shares of Saia, Inc. $SAIA

Oppenheimer Asset Management Inc. trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 45.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,862 shares of the transportation company’s stock after selling 4,957 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Saia were worth $2,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SAIA. Viking Global Investors LP purchased a new position in Saia in the second quarter worth about $226,770,000. Invesco Ltd. grew its holdings in shares of Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after buying an additional 651,332 shares during the last quarter. Norges Bank purchased a new stake in shares of Saia during the fourth quarter valued at approximately $130,411,000. Freestone Grove Partners LP bought a new stake in shares of Saia during the third quarter valued at approximately $56,305,000. Finally, First Trust Advisors LP increased its position in shares of Saia by 33.0% during the fourth quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company’s stock valued at $241,885,000 after acquiring an additional 183,669 shares in the last quarter.

Saia Price Performance

Shares of Saia stock opened at $384.32 on Monday. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. 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’s 50 day moving average is $416.93 and its 200 day moving average is $406.98. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.73 and a beta of 2.14.

Saia (NASDAQ:SAIA) last posted its earnings results 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 the consensus estimate of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 EPS. Research analysts anticipate that Saia, Inc. will post 11.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAIA shares. Benchmark reaffirmed a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Susquehanna lifted their target price on Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price target on Saia from $490.00 to $498.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Evercore raised Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley dropped their price objective on Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $449.67.

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.