Saia (NASDAQ:SAIA) Earns “Neutral” Rating from Susquehanna

Susquehanna reiterated their neutral rating on shares of Saia (NASDAQ:SAIA) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a $530.00 price target on the transportation company’s stock, down from their previous price target of $565.00.

A number of other equities analysts have also recently weighed in on SAIA. Jefferies Financial Group upped their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their target price on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI cut their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Benchmark restated a “buy” rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $511.65.

Saia Stock Down 2.8 %

Shares of NASDAQ SAIA opened at $458.25 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $12.19 billion, a PE ratio of 32.73, a P/E/G ratio of 2.96 and a beta of 1.79. The firm has a fifty day moving average of $514.18 and a 200-day moving average of $459.72. Saia has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 earnings per share. On average, analysts anticipate that Saia will post 13.51 EPS for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

Several hedge funds have recently bought and sold shares of SAIA. Commonwealth Equity Services LLC grew its stake in Saia by 3.0% in the second quarter. Commonwealth Equity Services LLC now owns 2,390 shares of the transportation company’s stock valued at $1,134,000 after purchasing an additional 69 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Saia by 28.7% during the 2nd quarter. TD Asset Management Inc now owns 13,140 shares of the transportation company’s stock valued at $6,232,000 after purchasing an additional 2,934 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Saia by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 7,442 shares of the transportation company’s stock valued at $3,530,000 after purchasing an additional 146 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Saia by 2.7% in the second quarter. Ballentine Partners LLC now owns 2,209 shares of the transportation company’s stock worth $1,048,000 after purchasing an additional 59 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Saia during the second quarter worth $205,000.

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.