Brokerages Set Saia, Inc. (NASDAQ:SAIA) Target Price at $379.63

Shares of Saia, Inc. (NASDAQ:SAIA) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $379.6316.

Several equities research analysts recently issued reports on SAIA shares. TD Cowen reiterated a “hold” rating on shares of Saia in a report on Friday, January 9th. BMO Capital Markets set a $425.00 price target on Saia in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their price objective on Saia from $310.00 to $395.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus lifted their target price on shares of Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st.

Insider Activity

In other Saia news, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the transaction, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at $1,228,073. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Raymond R. Ramu sold 5,226 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total value of $2,027,426.70. Following the completion of the sale, the vice president owned 3,631 shares of the company’s stock, valued at $1,408,646.45. This trade represents a 59.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,533 shares of company stock valued at $6,015,055 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Viking Global Investors LP acquired a new stake in shares of Saia in the 2nd quarter worth $226,770,000. Invesco Ltd. grew its holdings in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares during the period. Norges Bank acquired a new stake in Saia during the fourth quarter worth about $130,411,000. Finally, First Trust Advisors LP raised its stake in Saia by 141.3% during the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock worth $166,782,000 after purchasing an additional 326,206 shares during the period.

Saia Stock Performance

NASDAQ:SAIA opened at $405.39 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The company has a fifty day moving average of $365.23 and a two-hundred day moving average of $323.40. The stock has a market capitalization of $10.81 billion, a PE ratio of 42.58, a P/E/G ratio of 2.17 and a beta of 2.04. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $420.09.

Saia (NASDAQ:SAIA) last announced its earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $773.82 million. During the same quarter last year, the business earned $2.84 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts forecast that Saia will post 15.46 earnings per share for the current fiscal year.

Saia Company Profile

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.