Saia, Inc. (NASDAQ:SAIA) Short Interest Update

Saia, Inc. (NASDAQ:SAIA) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,518,889 shares, a decrease of 25.5% from the December 31st total of 2,037,531 shares. Based on an average daily volume of 465,167 shares, the days-to-cover ratio is currently 3.3 days. Currently, 5.7% of the shares of the stock are sold short. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily volume of 465,167 shares, the days-to-cover ratio is currently 3.3 days.

Insider Activity

In related news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps acquired 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director directly owned 1,852 shares in the company, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its position in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. State of Wyoming purchased a new position in Saia in the 3rd quarter worth approximately $30,000. Torren Management LLC bought a new position in shares of Saia during the 4th quarter valued at about $40,000. AlphaQuest LLC purchased a new position in shares of Saia in the second quarter valued at $41,000. Finally, Allworth Financial LP lifted its stake in shares of Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAIA shares. Redburn Partners set a $262.00 price target on Saia in a research report on Wednesday, November 26th. Stifel Nicolaus lifted their price target on Saia from $343.00 to $371.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Bank of America boosted their target price on shares of Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Evercore ISI lowered shares of Saia from an “outperform” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Raymond James Financial reduced their price objective on Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of “Hold” and an average target price of $345.35.

Saia Stock Performance

Saia stock traded down $6.91 during trading hours on Friday, hitting $334.87. The company had a trading volume of 497,872 shares, compared to its average volume of 458,645. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50-day moving average of $334.60 and a 200 day moving average of $310.37. Saia has a one year low of $229.12 and a one year high of $538.03. The firm has a market cap of $8.92 billion, a PE ratio of 31.62 and a beta of 2.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million for 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%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $3.46 earnings per share. On average, sell-side analysts expect that Saia will post 15.46 earnings per share for the current year.

About Saia

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.