Saia (NASDAQ:SAIA) Sets New 52-Week High – Still a Buy?

Saia, Inc. (NASDAQ:SAIA) hit a new 52-week high on Thursday . The company traded as high as $460.05 and last traded at $455.1880, with a volume of 10204 shares trading hands. The stock had previously closed at $449.40.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAIA shares. Bank of America boosted their price objective on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. BMO Capital Markets set a $425.00 price objective on Saia in a report on Thursday, February 19th. Evercore set a $476.00 price target on shares of Saia in a research report on Friday, May 1st. Morgan Stanley reiterated an “underweight” rating and issued a $265.00 price target on shares of Saia in a research report on Friday, May 1st. Finally, Wells Fargo & Company boosted their price target on shares of Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $444.94.

Saia Stock Up 0.2%

The company has a market cap of $12.00 billion, a price-to-earnings ratio of 47.25, a P/E/G ratio of 2.15 and a beta of 2.12. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $384.48 and a two-hundred day moving average price of $349.82.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, equities analysts predict that Saia, Inc. will post 11.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Patrick D. Sugar sold 2,706 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $386.74, for a total value of $1,046,518.44. Following the completion of the sale, the executive vice president owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. The trade was a 22.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kelly W. Benton sold 800 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at approximately $1,228,073. The trade was a 20.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,533 shares of company stock worth $6,015,055 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. AQR Capital Management LLC grew its stake in shares of Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after buying an additional 612 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Saia by 4.3% in the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after buying an additional 1,356 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Saia in the 2nd quarter valued at approximately $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Saia in the 2nd quarter valued at approximately $13,943,000.

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.