Saia (NASDAQ:SAIA) Stock Rating Upgraded by Wolfe Research

Saia (NASDAQ:SAIA) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Tuesday.

A number of other equities research analysts have also weighed in on the stock. Bank of America boosted their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $403.00 price objective on shares of Saia in a report on Tuesday, February 10th. Wall Street Zen lowered shares of Saia from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Stephens boosted their price objective on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Evercore set a $435.00 price target on shares of Saia in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia has an average rating of “Hold” and a consensus price target of $379.47.

Saia Stock Up 1.4%

NASDAQ:SAIA traded up $5.25 during trading hours on Tuesday, reaching $377.30. The company’s stock had a trading volume of 112,647 shares, compared to its average volume of 552,166. The company has a market capitalization of $10.06 billion, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 1.91 and a beta of 2.04. Saia has a 12 month low of $229.12 and a 12 month high of $430.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $367.23 and a two-hundred day moving average price of $331.66.

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

Insider Transactions at Saia

In other news, VP Raymond R. Ramu sold 5,226 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the completion of the sale, the vice president owned 3,631 shares in the company, valued at $1,408,646.45. This trade represents a 59.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $389.00, for a total transaction of $311,200.00. Following the sale, the chief accounting officer owned 3,157 shares of the company’s stock, valued at $1,228,073. This represents a 20.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,533 shares of company stock worth $6,015,055 in the last three months. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its position in Saia by 203.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the transportation company’s stock valued at $402,000 after buying an additional 825 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Saia in the 4th quarter valued at approximately $5,172,000. Rehmann Capital Advisory Group boosted its position in Saia by 11.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 972 shares of the transportation company’s stock valued at $318,000 after buying an additional 99 shares during the period. Pacer Advisors Inc. boosted its position in Saia by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 4,518 shares of the transportation company’s stock valued at $1,475,000 after buying an additional 999 shares during the period. Finally, Invesco Ltd. boosted its position in Saia by 31.7% in the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after buying an additional 222,494 shares during the period.

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.