Federated Hermes Inc. Cuts Holdings in Saia, Inc. (NASDAQ:SAIA)

Federated Hermes Inc. decreased its position in Saia, Inc. (NASDAQ:SAIA) by 28.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,859 shares of the transportation company’s stock after selling 1,133 shares during the period. Federated Hermes Inc.’s holdings in Saia were worth $1,356,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Qsemble Capital Management LP increased its position in shares of Saia by 133.1% during the second quarter. Qsemble Capital Management LP now owns 2,005 shares of the transportation company’s stock valued at $951,000 after acquiring an additional 1,145 shares during the last quarter. American Century Companies Inc. grew its stake in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Brasada Capital Management LP purchased a new stake in shares of Saia during the 2nd quarter valued at $830,000. Choreo LLC bought a new stake in shares of Saia during the 2nd quarter worth $271,000. Finally, Oak Thistle LLC purchased a new position in shares of Saia in the 2nd quarter worth about $205,000.

Saia Stock Performance

Saia stock opened at $436.78 on Friday. The firm’s 50 day simple moving average is $414.29 and its 200 day simple moving average is $462.60. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The firm has a market capitalization of $11.61 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. As a group, analysts expect that Saia, Inc. will post 13.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SAIA shares. Wells Fargo & Company raised their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Barclays reduced their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a report on Monday, July 29th. BMO Capital Markets lowered their target price on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Finally, Bank of America increased their price target on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $479.07.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.