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

First National Bank of Omaha decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 39.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,096 shares of the transportation company’s stock after selling 4,028 shares during the quarter. First National Bank of Omaha’s holdings in Saia were worth $2,590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vestor Capital LLC raised its stake in shares of Saia by 9.5% in the 4th quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after buying an additional 28 shares in the last quarter. Parallel Advisors LLC boosted its stake in Saia by 5.8% during the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after buying an additional 31 shares in the last quarter. Wealth Alliance LLC grew its holdings in Saia by 5.1% during the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock worth $268,000 after acquiring an additional 37 shares during the period. Handelsbanken Fonder AB grew its holdings in Saia by 0.5% during the second quarter. Handelsbanken Fonder AB now owns 8,858 shares of the transportation company’s stock worth $3,731,000 after acquiring an additional 40 shares during the period. Finally, Boothbay Fund Management LLC raised its position in Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares in the last quarter.

Saia Price Performance

SAIA stock opened at $359.19 on Thursday. 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 one year low of $249.32 and a one year high of $494.71. The firm has a market capitalization of $9.58 billion, a PE ratio of 34.67, a P/E/G ratio of 1.66 and a beta of 2.14. The firm has a 50-day moving average of $410.72 and a two-hundred day moving average of $407.48.

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup dropped their target price on shares of Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Stephens reduced their target price on shares of Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Saia from $490.00 to $498.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Bank of America raised Saia from a “neutral” rating to a “buy” rating and upped their price target for the company from $499.00 to $502.00 in a report on Monday, July 13th. Finally, Evercore upgraded Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.