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

Saia, Inc. (NASDAQ:SAIA) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $535.41.

SAIA has been the subject of several research analyst reports. TD Cowen raised their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Susquehanna raised their price target on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Finally, Cowen reissued a “hold” rating on shares of Saia in a report on Tuesday, February 4th.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Large investors have recently modified their holdings of the business. Kestra Investment Management LLC bought a new stake in Saia during the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Saia by 172.7% during the 4th 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 in the last quarter. Atala Financial Inc bought a new stake in shares of Saia during the 4th quarter worth $36,000. Huntington National Bank grew its position in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after acquiring an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $406.65 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a 50-day moving average of $480.48 and a 200-day moving average of $467.15. Saia has a one year low of $358.90 and a one year high of $628.34. The company has a market cap of $10.81 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the business earned $3.33 EPS. Saia’s quarterly revenue 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.

Saia Company Profile

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.