Saia (NASDAQ:SAIA) Upgraded at Rothschild Redb

Rothschild Redb upgraded shares of Saia (NASDAQ:SAIA) to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Saia from $360.00 to $346.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Citigroup lowered their price target on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Saia in a report on Monday. Stephens upped their price objective on shares of Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Benchmark reiterated a “buy” rating and set a $360.00 target price on shares of Saia in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.10.

Saia Stock Performance

Saia stock opened at $282.01 on Wednesday. The firm’s 50 day simple moving average is $289.26 and its 200 day simple moving average is $289.22. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $7.51 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 12.90 and a beta of 2.07. Saia has a 1-year low of $229.12 and a 1-year high of $587.86.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $3.46 EPS. As a group, analysts expect that Saia will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its stake in shares of Saia by 7.3% in the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 36 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Saia by 0.5% in the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after purchasing an additional 38 shares during the last quarter. Boothbay Fund Management LLC boosted its position in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after buying an additional 43 shares during the period. CWM LLC grew its stake in shares of Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after buying an additional 44 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Saia by 3.8% during the second quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock valued at $339,000 after buying an additional 45 shares during the last quarter.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.