Saia (SAIA) Rating Lowered to Buy at BidaskClub
Saia (NASDAQ:SAIA) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.
Several other equities analysts have also commented on SAIA. Cowen reiterated a “hold” rating and set a $55.00 price objective on shares of Saia in a research report on Friday, September 8th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price objective on shares of Saia in a research report on Thursday, September 21st. ValuEngine lowered Saia from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley increased their price objective on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Saia presently has an average rating of “Hold” and an average target price of $56.00.
Shares of Saia (NASDAQ:SAIA) traded down $0.15 during trading on Friday, hitting $71.05. The stock had a trading volume of 180,522 shares, compared to its average volume of 144,850. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $1,810.00, a price-to-earnings ratio of 34.32 and a beta of 0.90. Saia has a 12-month low of $41.28 and a 12-month high of $72.45.
In related news, CEO Richard D. Odell sold 40,700 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the completion of the sale, the chief executive officer now directly owns 48,634 shares in the company, valued at approximately $3,138,838.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Maschmeier sold 4,090 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total value of $265,850.00. Following the sale, the insider now owns 7,316 shares of the company’s stock, valued at $475,540. The disclosure for this sale can be found here. Insiders have sold a total of 53,405 shares of company stock valued at $3,451,982 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Saia by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after buying an additional 51,915 shares during the period. Victory Capital Management Inc. lifted its holdings in Saia by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after buying an additional 224,547 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Saia by 9.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after buying an additional 78,252 shares during the period. Northern Trust Corp lifted its holdings in Saia by 8.3% in the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock worth $40,384,000 after buying an additional 60,162 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in Saia by 5.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock worth $37,063,000 after buying an additional 38,530 shares during the period. Institutional investors own 99.83% of the company’s stock.
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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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