Saia, Inc. (NASDAQ:SAIA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $535.41.

Several analysts recently issued reports on the company. Susquehanna increased their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. TD Cowen raised their price target on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Stifel Nicolaus raised their price target on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Stephens restated an “overweight” rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,453 shares of company stock valued at $4,693,318. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Saia by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock worth $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after acquiring an additional 794,197 shares during the period. State Street Corp increased its holdings in shares of Saia by 3.1% in the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares during the period. Wasatch Advisors LP increased its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the period.

Saia Stock Performance

NASDAQ:SAIA opened at $487.53 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The stock has a 50-day moving average price of $486.16 and a 200 day moving average price of $464.32. The stock has a market capitalization of $12.96 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the prior year, the business posted $3.33 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.