Federated Hermes Inc. Sells 319 Shares of Saia, Inc. (NASDAQ:SAIA)

Federated Hermes Inc. reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 9.4% during the 4th quarter, Holdings Channel reports. The fund owned 3,092 shares of the transportation company’s stock after selling 319 shares during the period. Federated Hermes Inc.’s holdings in Saia were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in shares of Saia in the fourth quarter valued at approximately $26,000. NBC Securities Inc. bought a new stake in Saia in the 3rd quarter valued at $54,000. Harvest Fund Management Co. Ltd acquired a new position in Saia in the 3rd quarter valued at $59,000. Cullen Frost Bankers Inc. bought a new position in Saia during the 3rd quarter worth $60,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of Saia during the third quarter worth $75,000.

Insider Transactions at Saia

In related news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Saia news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,699 shares of company stock worth $14,966,813. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SAIA. Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Benchmark lifted their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. UBS Group cut their target price on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research report on Monday. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $481.50.

Saia Stock Performance

NASDAQ SAIA opened at $416.10 on Tuesday. The firm’s fifty day moving average price is $566.04 and its two-hundred day moving average price is $479.86. The stock has a market cap of $11.06 billion, a PE ratio of 30.15, a PEG ratio of 1.39 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23. Saia, Inc. has a fifty-two week low of $266.91 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. On average, equities analysts expect that Saia, Inc. will post 16.13 EPS for the current fiscal year.

About Saia

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.