Saia (NASDAQ:SAIA) Price Target Raised to $400.00

Saia (NASDAQ:SAIA) had its price objective lifted by Barclays from $380.00 to $400.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

SAIA has been the topic of a number of other reports. Wolfe Research reiterated a “peer perform” rating on shares of Saia in a research note on Thursday, January 8th. Rothschild & Co Redburn set a $262.00 price objective on shares of Saia in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and raised their price target for the stock from $390.00 to $425.00 in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $378.50.

Saia Price Performance

Shares of NASDAQ SAIA opened at $384.91 on Wednesday. The company has a market capitalization of $10.25 billion, a PE ratio of 40.43, a PEG ratio of 2.03 and a beta of 2.09. The company has a quick ratio of 1.68, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $353.12 and its 200-day moving average price is $316.21. Saia has a twelve month low of $229.12 and a twelve month high of $507.39.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS 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 business had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. During the same period in the previous year, the business posted $2.84 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Saia will post 15.46 EPS for the current year.

Insider Activity at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps bought 422 shares of the stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several hedge funds have recently made changes to their positions in SAIA. Wilson Asset Management International PTY Ltd. bought a new position in Saia during the third quarter valued at approximately $1,538,000. Stephens Investment Management Group LLC grew its holdings in shares of Saia by 3.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 117,946 shares of the transportation company’s stock valued at $35,308,000 after purchasing an additional 4,155 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Saia by 35.1% during the 3rd quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock valued at $65,996,000 after purchasing an additional 57,307 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Saia by 9.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 23,124 shares of the transportation company’s stock worth $6,336,000 after purchasing an additional 2,039 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Saia in the second quarter worth $7,532,000.

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.