Saia (NASDAQ:SAIA)‘s stock had its “buy” rating reiterated by equities research analysts at Seaport Global Securities in a research note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. Cowen reaffirmed a “hold” rating and issued a $55.00 target price on shares of Saia in a research note on Friday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price on shares of Saia in a research note on Thursday, September 21st. ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Wolfe Research downgraded shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.

Saia (SAIA) traded up $0.75 during mid-day trading on Tuesday, hitting $68.35. 189,174 shares of the stock were exchanged, compared to its average volume of 177,569. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. Saia has a one year low of $41.28 and a one year high of $68.75. The company has a market capitalization of $1,697.66, a price-to-earnings ratio of 32.17 and a beta of 0.90.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm had revenue of $350.06 million during the quarter, compared to the consensus estimate of $344.46 million. During the same quarter last year, the business posted $0.54 earnings per share. Saia’s revenue was up 10.6% compared to the same quarter last year. analysts anticipate that Saia will post 2.16 EPS for the current fiscal year.

In other Saia news, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the transaction, the chief executive officer now directly owns 48,634 shares of the company’s stock, valued at $3,138,838.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of Saia stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $64.53, for a total transaction of $85,308.66. Following the transaction, the vice president now directly owns 31,668 shares in the company, valued at $2,043,536.04. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock worth $3,451,982 over the last three months. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of Saia in the third quarter worth $305,000. Algert Global LLC increased its stake in shares of Saia by 9.2% in the third quarter. Algert Global LLC now owns 51,208 shares of the transportation company’s stock worth $3,208,000 after buying an additional 4,296 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Saia in the third quarter worth $452,000. California Public Employees Retirement System increased its stake in shares of Saia by 4.7% in the third quarter. California Public Employees Retirement System now owns 71,819 shares of the transportation company’s stock worth $4,499,000 after buying an additional 3,219 shares during the period. Finally, Southport Management L.L.C. purchased a new position in shares of Saia in the third quarter worth $627,000. 99.91% of the stock is currently owned by institutional investors.

WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/07/seaport-global-securities-reiterates-buy-rating-for-saia-saia.html.

About Saia

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.