Saia, Inc. (NASDAQ:SAIA) Receives Consensus Rating of “Hold” from Brokerages

Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Hold” from the twenty-three research firms that are presently covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $345.35.

A number of analysts have recently commented on the stock. Rothschild & Co Redburn started coverage on shares of Saia in a research note on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 price target for the company. Bank of America raised their target price on shares of Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Rothschild Redb raised shares of Saia to a “hold” rating in a research report on Wednesday, November 26th. Barclays increased their price target on Saia from $350.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Stephens upgraded Saia from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $308.00 to $414.00 in a research note on Tuesday, January 6th.

Saia Stock Down 2.0%

SAIA stock opened at $334.87 on Monday. The stock has a market capitalization of $8.92 billion, a P/E ratio of 31.62 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. Saia has a 1-year low of $229.12 and a 1-year high of $538.03. The business has a fifty day moving average price of $334.60 and a 200-day moving average price of $310.37.

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

Insider Activity

In other news, VP Raymond R. Ramu sold 1,000 shares of Saia 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 transaction, the vice president owned 4,902 shares in the company, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps acquired 422 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director 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. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently bought and sold shares of SAIA. Parkside Financial Bank & Trust lifted its holdings in Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. State of Wyoming bought a new stake in shares of Saia during the third quarter valued at approximately $30,000. Torren Management LLC purchased a new position in shares of Saia in the fourth quarter worth $40,000. AlphaQuest LLC purchased a new position in shares of Saia in the second quarter worth $41,000. Finally, Allworth Financial LP boosted its position in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 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.