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

Shares of Saia, Inc. (NASDAQ:SAIA) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $481.50.

A number of brokerages have issued reports on SAIA. Susquehanna upped their price objective on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday. Raymond James increased their target price on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and boosted their target price for the company from $484.00 to $526.00 in a research report on Tuesday, February 6th.

Insider Activity

In other news, VP Rohit Lal sold 2,870 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rohit Lal sold 2,870 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Claret Asset Management Corp purchased a new position in Saia in the first quarter worth $231,000. Commonwealth Equity Services LLC boosted its position in shares of Saia by 49.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,321 shares of the transportation company’s stock worth $1,358,000 after purchasing an additional 772 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Saia in the 1st quarter worth $155,000. ZWJ Investment Counsel Inc. grew its stake in Saia by 5.7% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 37,560 shares of the transportation company’s stock worth $21,973,000 after buying an additional 2,039 shares during the last quarter. Finally, Checchi Capital Advisers LLC acquired a new position in Saia during the 1st quarter valued at about $255,000.

Saia Trading Down 3.0 %

Shares of SAIA opened at $416.10 on Tuesday. The stock has a market capitalization of $11.06 billion, a PE ratio of 30.15, a P/E/G ratio of 1.39 and a beta of 1.62. The company’s fifty day moving average is $566.04 and its 200 day moving average is $479.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter last year, the firm earned $2.85 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Sell-side analysts expect that Saia will post 16.13 earnings per share 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.