Saia, Inc. (NASDAQ:SAIA) Given Average Recommendation of “Hold” by Brokerages

Saia, Inc. (NASDAQ:SAIA) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $379.6316.

A number of research firms have issued reports on SAIA. Rothschild & Co Redburn set a $262.00 target price on Saia in a report on Wednesday, November 26th. Stifel Nicolaus increased their price objective on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Susquehanna cut Saia from a “positive” rating to a “neutral” rating and boosted their target price for the company from $390.00 to $425.00 in a research note on Wednesday, February 11th. Stephens raised their price target on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Citigroup lifted their price objective on shares of Saia from $431.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, February 11th.

Saia Stock Performance

Shares of SAIA opened at $404.16 on Friday. The firm has a market cap of $10.78 billion, a P/E ratio of 42.45, a PEG ratio of 2.06 and a beta of 2.09. Saia has a twelve month low of $229.12 and a twelve month high of $420.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64. The firm’s 50 day moving average price is $363.53 and its two-hundred day moving average price is $322.31.

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

Insider Activity

In related news, VP Raymond R. Ramu sold 5,226 shares of Saia stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the sale, the vice president owned 3,631 shares of the company’s stock, valued at approximately $1,408,646.45. The trade was a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick D. Sugar sold 2,706 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $386.74, for a total value of $1,046,518.44. Following the sale, the executive vice president owned 9,121 shares in the company, valued at $3,527,455.54. The trade was a 22.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 672 shares during the period. CWM LLC lifted its holdings in Saia by 21.6% during the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after purchasing an additional 44 shares during the last quarter. AlphaQuest LLC bought a new stake in Saia in the 2nd quarter valued at $41,000. Finally, Retirement Systems of Alabama boosted its stake in Saia by 25.2% in the 2nd quarter. Retirement Systems of Alabama now owns 49,040 shares of the transportation company’s stock valued at $13,436,000 after purchasing an additional 9,882 shares during the period.

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.