Saia’s (SAIA) “Peer Perform” Rating Reaffirmed at Wolfe Research

Saia (NASDAQ:SAIA)‘s stock had its “peer perform” rating reaffirmed by Wolfe Research in a research report issued on Thursday,Benzinga reports.

A number of other equities analysts also recently issued reports on SAIA. Rothschild Redb raised shares of Saia to a “hold” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded Saia from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Bank of America increased their target price on Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Finally, Rothschild & Co Redburn assumed coverage on Saia in a research note on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $343.55.

Saia Stock Performance

Shares of SAIA stock opened at $357.64 on Thursday. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 33.77 and a beta of 2.09. The stock has a fifty day moving average of $307.81 and a 200 day moving average of $302.32. Saia has a 52 week low of $229.12 and a 52 week 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.

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

Insider Activity at Saia

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Procyon Advisors LLC purchased a new stake in shares of Saia during the fourth quarter valued at approximately $215,000. Park Avenue Securities LLC lifted its position in Saia by 2.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after acquiring an additional 46 shares in the last quarter. GAMMA Investing LLC boosted its stake in Saia by 16.0% during the 4th quarter. GAMMA Investing LLC now owns 528 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 73 shares during the last quarter. Mirabella Financial Services LLP increased its holdings in shares of Saia by 112.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 3,914 shares of the transportation company’s stock worth $1,169,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Saia in the third quarter worth $9,389,000.

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.