Saia (NASDAQ:SAIA) Price Target Raised to $395.00

Saia (NASDAQ:SAIA) had its target price upped by Wells Fargo & Company from $310.00 to $395.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. TD Cowen restated a “hold” rating on shares of Saia in a report on Friday, January 9th. UBS Group reaffirmed a “buy” rating and issued a $493.00 price target on shares of Saia in a research report on Wednesday. Raymond James Financial cut their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Stephens boosted their price objective on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Hold” and an average target price of $378.50.

Saia Stock Up 1.5%

Shares of NASDAQ:SAIA opened at $384.91 on Wednesday. The business’s 50 day moving average is $353.12 and its 200 day moving average is $316.21. The stock has a market cap of $10.25 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.03 and a beta of 2.09. Saia has a 52-week low of $229.12 and a 52-week high of $507.39. The company has a quick ratio of 1.68, a current ratio of 1.64 and a debt-to-equity ratio of 0.06.

Saia (NASDAQ:SAIA) last issued its earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same period last year, the firm earned $2.84 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts predict that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other news, Director Donna E. Epps bought 422 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the acquisition, the director directly owned 1,852 shares of the company’s stock, valued at $514,115.20. This trade represents a 29.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAIA. Vestor Capital LLC boosted its holdings in Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Saia by 5.8% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after buying an additional 31 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of 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 buying an additional 38 shares during the last quarter. Boothbay Fund Management LLC boosted 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 buying an additional 43 shares during the last quarter. Finally, CWM LLC grew its holdings in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares during the period.

About Saia

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.