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

Saia, Inc. (NASDAQ:SAIA) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $486.83.

Several research analysts recently commented on SAIA shares. BMO Capital Markets upgraded shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price target on the stock in a report on Monday, April 7th. Barclays cut their target price on shares of Saia from $535.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group decreased their price target on shares of Saia from $560.00 to $455.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group lowered their price target on Saia from $557.00 to $422.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAIA. Kestra Investment Management LLC bought a new stake in shares of Saia in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after buying an additional 38 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Saia during the fourth quarter valued at $36,000. Huntington National Bank boosted its holdings in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 70 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of Saia during the first quarter worth about $43,000.

Saia Trading Down 6.0 %

SAIA stock opened at $330.37 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.24 and a beta of 1.99. The business has a fifty day simple moving average of $396.39 and a 200-day simple moving average of $456.60. Saia has a 52 week low of $287.50 and a 52 week high of $624.55.

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