Saia, Inc. (SAIA) Given “Hold” Rating at Cowen and Company
Saia, Inc. (NASDAQ:SAIA)‘s stock had its “hold” rating restated by research analysts at Cowen and Company in a research note issued to investors on Friday. They presently have a $55.00 price objective on the transportation company’s stock. Cowen and Company’s price target would suggest a potential downside of 5.66% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $48.00 price objective (up from $44.00) on shares of Saia in a research note on Monday, July 31st. Finally, Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.33.
Saia (NASDAQ SAIA) remained flat at $58.30 during trading on Friday. The company’s stock had a trading volume of 180,322 shares. Saia has a 52 week low of $27.96 and a 52 week high of $59.25. The company has a market cap of $1.47 billion, a P/E ratio of 28.29 and a beta of 0.80. The stock’s 50 day moving average price is $54.03 and its 200 day moving average price is $48.77.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The business had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Equities research analysts anticipate that Saia will post $2.19 earnings per share for the current year.
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In related news, Director John J. Holland sold 1,618 shares of Saia stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $56.21, for a total transaction of $90,947.78. Following the transaction, the director now directly owns 1,028 shares of the company’s stock, valued at $57,783.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Herbert A. Trucksess III sold 10,000 shares of Saia stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.54, for a total value of $565,400.00. Following the transaction, the director now directly owns 158,442 shares in the company, valued at $8,958,310.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,576 shares of company stock worth $4,053,452. 1.50% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SAIA. State of Alaska Department of Revenue grew its holdings in Saia by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after acquiring an additional 80 shares during the period. Flinton Capital Management LLC grew its holdings in Saia by 69.8% during the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,020 shares during the period. Riverhead Capital Management LLC grew its holdings in Saia by 68.7% during the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after acquiring an additional 1,031 shares during the period. 1st Global Advisors Inc. acquired a new position in Saia during the second quarter worth about $200,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Saia during the second quarter worth about $205,000. 96.99% of the stock is currently owned by hedge funds and other institutional investors.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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