Saia (NASDAQ:SAIA) had its price objective hoisted by research analysts at Stifel Nicolaus from $60.00 to $61.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 10.49% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. Cowen reiterated a “hold” rating and issued a $55.00 target price on shares of Saia in a research report on Friday, September 8th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Morgan Stanley upped their target price on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Saia has a consensus rating of “Hold” and an average target price of $51.67.
Saia (NASDAQ SAIA) opened at $68.15 on Wednesday. Saia has a 1 year low of $41.28 and a 1 year high of $69.60. The stock has a market cap of $1,732.07, a price-to-earnings ratio of 32.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09.
In other news, insider Stephanie Maschmeier sold 4,090 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $265,850.00. Following the completion of the transaction, the insider now directly owns 7,316 shares of the company’s stock, valued at $475,540. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Odell sold 40,700 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the transaction, the chief executive officer now directly owns 48,634 shares of the company’s stock, valued at $3,138,838.36. The disclosure for this sale can be found here. Insiders sold 53,405 shares of company stock valued at $3,451,982 over the last three months. 1.50% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. GHP Investment Advisors Inc. raised its stake in Saia by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 8,265 shares of the transportation company’s stock worth $366,000 after buying an additional 40 shares in the last quarter. Texas Permanent School Fund raised its stake in Saia by 0.4% in the third quarter. Texas Permanent School Fund now owns 19,202 shares of the transportation company’s stock worth $575,000 after buying an additional 77 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Saia by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,560 shares of the transportation company’s stock worth $167,000 after buying an additional 100 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Saia by 0.5% in the second quarter. TD Asset Management Inc. now owns 19,800 shares of the transportation company’s stock worth $498,000 after buying an additional 100 shares in the last quarter. 99.91% of the stock is owned by hedge funds and other institutional investors.
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About Saia
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
