Saia (NASDAQ:SAIA) Receives “Overweight” Rating from Stephens

Stephens restated their overweight rating on shares of Saia (NASDAQ:SAIA) in a report published on Thursday,Benzinga reports. Stephens currently has a $600.00 target price on the transportation company’s stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday. TD Cowen upped their price objective on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $535.41.

Saia Stock Performance

Shares of SAIA opened at $508.47 on Thursday. The company has a 50-day moving average of $492.66 and a two-hundred day moving average of $462.24. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia has a one year low of $358.90 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the business posted $3.33 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Saia will post 13.47 earnings per share for the current year.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently bought and sold shares of SAIA. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth about $25,000. Paladin Wealth LLC bought a new position in Saia in the 3rd quarter worth approximately $40,000. Jones Financial Companies Lllp lifted its holdings in shares of Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after buying an additional 65 shares during the last quarter. Tobam bought a new stake in shares of Saia in the third quarter valued at approximately $100,000. Finally, Blue Trust Inc. grew its stake in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the last quarter.

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.