Saia (NASDAQ:SAIA) Rating Increased to Hold at Wall Street Zen

Saia (NASDAQ:SAIA) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

SAIA has been the subject of a number of other reports. Raymond James Financial decreased their price target on Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Stephens upgraded Saia from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $308.00 to $414.00 in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, TD Cowen reissued a “hold” rating on shares of Saia in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $349.74.

Saia Price Performance

Shares of SAIA stock opened at $415.46 on Friday. The firm has a fifty day moving average of $346.11 and a two-hundred day moving average of $313.71. The firm has a market cap of $11.07 billion, a P/E ratio of 39.23 and a beta of 2.09. Saia has a 1-year low of $229.12 and a 1-year high of $511.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68.

Insiders Place Their Bets

In other news, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were 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 owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps purchased 422 shares of the stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director directly owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. The trade was a 29.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in Saia by 7.3% in the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock worth $159,000 after buying an additional 36 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Saia by 0.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after acquiring an additional 38 shares during the period. Boothbay Fund Management LLC grew its stake in shares of Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares in the last quarter. CWM LLC increased its holdings 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 purchasing an additional 44 shares during the period. Finally, ProShare Advisors LLC raised 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 purchasing an additional 45 shares in 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.