Saia, Inc. (NASDAQ:SAIA) Given Consensus Rating of “Hold” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $379.6316.

Several research analysts recently issued reports on the stock. Susquehanna downgraded shares of Saia from a “positive” rating to a “neutral” rating and upped their price target for the stock from $390.00 to $425.00 in a research report on Wednesday, February 11th. Barclays upped their target price on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Stifel Nicolaus increased their price target on shares of Saia from $343.00 to $371.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Saia from a “hold” rating to a “sell” rating in a research report on Sunday, February 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $493.00 price objective on shares of Saia in a report on Wednesday, February 11th.

Insider Buying and Selling at Saia

In related news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the transaction, the chief executive officer owned 22,743 shares in the company, valued at $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 5,226 shares of Saia stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the completion of the sale, the vice president owned 3,631 shares of the company’s stock, valued at approximately $1,408,646.45. The trade was a 59.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,533 shares of company stock valued at $6,015,055 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently modified their holdings of SAIA. Alliancebernstein L.P. boosted its stake in Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after acquiring an additional 594,674 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Saia by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after purchasing an additional 43,690 shares during the period. Capital International Investors boosted its position in shares of Saia by 0.8% in the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after purchasing an additional 11,454 shares during the last quarter. Viking Global Investors LP grew its stake in shares of Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after purchasing an additional 222,494 shares during the period.

Saia Trading Up 1.5%

SAIA stock opened at $414.05 on Friday. The business has a fifty day moving average price of $368.49 and a 200 day moving average price of $324.92. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $417.85. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 2.18 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The business had revenue of $789.95 million during the quarter, compared to analyst estimates of $773.82 million. During the same period in the prior year, the firm posted $2.84 EPS. Saia’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that Saia will post 15.46 EPS for the current fiscal 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.