Wolfe Research Reiterates Peer Perform Rating for Saia (NASDAQ:SAIA)

Saia (NASDAQ:SAIA)‘s stock had its “peer perform” rating reiterated by stock analysts at Wolfe Research in a research report issued to clients and investors on Thursday, MarketBeat reports.

SAIA has been the subject of several other research reports. Stephens raised shares of Saia from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $308.00 to $414.00 in a report on Tuesday. Wells Fargo & Company dropped their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. UBS Group raised their price objective on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Rothschild & Co Redburn assumed coverage on shares of Saia in a report on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 target price on the stock. Finally, Susquehanna increased their target price on shares of Saia from $350.00 to $390.00 and gave the company a “positive” rating in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $339.25.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $366.96 on Thursday. The firm’s 50 day moving average is $310.97 and its two-hundred day moving average is $303.44. The firm has a market capitalization of $9.78 billion, a P/E ratio of 34.65 and a beta of 2.09. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia has a 52 week low of $229.12 and a 52 week high of $538.03.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same period in the previous year, the firm posted $3.46 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the transaction, the director owned 1,852 shares in the company, valued at $514,115.20. The trade was a 29.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Raymond R. Ramu sold 1,000 shares of the firm’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 transaction of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp increased its position in Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after buying an additional 672 shares during the last quarter. Woodline Partners LP bought a new position in Saia during the first quarter valued at about $14,656,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Saia by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock worth $30,080,000 after buying an additional 1,600 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Saia by 473.6% during the 1st quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock valued at $4,105,000 after acquiring an additional 9,699 shares during the last quarter.

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.