Saia (NASDAQ:SAIA) Stock Rating Upgraded by Wolfe Research

Saia (NASDAQ:SAIA) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also issued research reports about the company. Citigroup upped their target price on Saia from $431.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a report on Monday, December 29th. BMO Capital Markets set a $425.00 price target on Saia in a report on Thursday, February 19th. Morgan Stanley downgraded Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target for the company. in a research report on Tuesday, February 10th. Finally, Evercore set a $435.00 price target on Saia in a research report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $379.47.

Saia Price Performance

Shares of NASDAQ:SAIA traded up $5.25 during trading on Tuesday, reaching $377.30. 112,647 shares of the company traded hands, compared to its average volume of 552,166. The company’s 50 day moving average is $367.23 and its two-hundred day moving average is $331.66. The firm has a market capitalization of $10.06 billion, a PE ratio of 39.62, a PEG ratio of 1.91 and a beta of 2.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. Saia has a 52 week low of $229.12 and a 52 week high of $430.11.

Saia (NASDAQ:SAIA) last released its earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a net margin of 7.89% and a return on equity of 9.86%. The company had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same quarter in the previous year, the company posted $2.84 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts predict that Saia will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In related news, VP Raymond R. Ramu sold 5,226 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the transaction, the vice president owned 3,631 shares in the company, valued at $1,408,646.45. The trade was a 59.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the completion of the sale, the chief executive officer owned 22,743 shares in the company, valued at $8,842,478.40. The trade was a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,533 shares of company stock worth $6,015,055 over the last 90 days. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. AQR Capital Management LLC boosted its stake in Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Saia by 37.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,739 shares of the transportation company’s stock valued at $750,000 after buying an additional 740 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Saia by 81.5% during the 2nd quarter. Hsbc Holdings PLC now owns 4,119 shares of the transportation company’s stock valued at $1,133,000 after buying an additional 1,849 shares during the period. Finally, Marshall Wace LLP raised its holdings in Saia by 239.4% in the 2nd quarter. Marshall Wace LLP now owns 50,226 shares of the transportation company’s stock worth $13,761,000 after purchasing an additional 35,427 shares during the period.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.