Saia Inc (NASDAQ:SAIA) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.75.
SAIA has been the subject of a number of recent research reports. ValuEngine cut Saia from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities reiterated a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. Stifel Nicolaus lifted their price objective on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th. BidaskClub upgraded Saia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 2nd.
Shares of Saia (NASDAQ:SAIA) traded up $0.80 during mid-day trading on Friday, hitting $74.05. The stock had a trading volume of 126,782 shares, compared to its average volume of 232,847. Saia has a twelve month low of $41.28 and a twelve month high of $80.25. The stock has a market capitalization of $1,880.80, a PE ratio of 21.22 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $353.20 million during the quarter, compared to analysts’ expectations of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. analysts forecast that Saia will post 3.67 EPS for the current year.
In other Saia news, insider Stephanie Maschmeier sold 8,177 shares of Saia stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $73.96, for a total value of $604,770.92. Following the completion of the sale, the insider now owns 3,678 shares in the company, valued at approximately $272,024.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $74.02, for a total value of $3,935,717.42. Following the completion of the sale, the chief executive officer now owns 12,972 shares of the company’s stock, valued at approximately $960,187.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,709 shares of company stock valued at $6,040,524. 1.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Elkfork Partners LLC purchased a new stake in Saia in the 4th quarter valued at about $210,000. Pier Capital LLC grew its holdings in Saia by 8.7% in the 4th quarter. Pier Capital LLC now owns 107,895 shares of the transportation company’s stock valued at $7,634,000 after buying an additional 8,613 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Saia in the 4th quarter valued at about $322,000. MetLife Investment Advisors LLC purchased a new stake in Saia in the 4th quarter valued at about $837,000. Finally, Gotham Asset Management LLC purchased a new stake in Saia in the 4th quarter valued at about $385,000. Institutional investors own 99.83% of the company’s stock.
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Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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