Saia (NASDAQ:SAIA) Price Target Raised to $365.00

Saia (NASDAQ:SAIA) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $349.00 to $365.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 0.93% from the company’s previous close.

Other research analysts have also issued reports about the company. Citigroup lifted their price objective on Saia from $365.00 to $431.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James Financial lowered their target price on Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Wall Street Zen lowered Saia from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Rothschild Redb upgraded shares of Saia to a “hold” rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company dropped their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Eleven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $340.05.

Saia Trading Up 0.4%

Saia stock traded up $1.47 during mid-day trading on Monday, hitting $368.43. 116,458 shares of the stock were exchanged, compared to its average volume of 431,317. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 34.82 and a beta of 2.09. Saia has a 12 month low of $229.12 and a 12 month high of $538.03. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $310.97 and its two-hundred day simple moving average is $303.87.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. Saia’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.46 earnings per share. Analysts forecast that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

In related news, Director Donna E. Epps acquired 422 shares of the stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director directly owned 1,852 shares in the company, valued at $514,115.20. This trade represents a 29.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Saia

A number of hedge funds have recently bought and sold shares of the company. Inspire Investing LLC purchased a new position in shares of Saia during the first quarter worth about $303,000. ZWJ Investment Counsel Inc. lifted its position in Saia by 87.1% during the second quarter. ZWJ Investment Counsel Inc. now owns 118,420 shares of the transportation company’s stock valued at $32,446,000 after purchasing an additional 55,129 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Saia by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock worth $30,080,000 after buying an additional 1,600 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Saia by 35.1% in the 3rd quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock worth $65,996,000 after buying an additional 57,307 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Saia by 9.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 23,124 shares of the transportation company’s stock worth $6,336,000 after buying an additional 2,039 shares during the last quarter.

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.