Saia, Inc. (NASDAQ:SAIA) Receives $379.47 Average Target Price from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $379.4737.

Several equities analysts have commented on the stock. Citigroup lifted their target price on shares of Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Morgan Stanley lowered Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Stephens lifted their price target on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Barclays boosted their price objective on Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the sale, the chief executive officer owned 22,743 shares in the company, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew J. Batteh sold 916 shares of Saia stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $389.03, for a total transaction of $356,351.48. Following the completion of the sale, the chief financial officer directly owned 4,444 shares in the company, valued at approximately $1,728,849.32. This represents a 17.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAIA. Alliancebernstein L.P. grew its holdings in Saia by 35.4% during 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. Price T Rowe Associates Inc. MD raised its stake in shares of Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after buying an additional 43,690 shares during the period. Capital International Investors raised its stake in shares of Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after buying an additional 11,454 shares during the period. Viking Global Investors LP lifted its position in shares of Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after buying an additional 556,229 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Saia by 31.7% during the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after buying an additional 222,494 shares during the last quarter.

Saia Trading Down 2.2%

Shares of Saia stock opened at $336.78 on Tuesday. The stock has a fifty day simple moving average of $367.29 and a 200 day simple moving average of $329.61. Saia has a 12-month low of $229.12 and a 12-month high of $430.11. The company has a market capitalization of $8.98 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.86 and a beta of 2.04. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. During the same period in the prior year, the firm earned $2.84 earnings per share. Saia’s revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate 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.