Saia’s (SAIA) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Saia, Inc. (NASDAQ:SAIA) in a research note issued to investors on Thursday. The firm currently has a $53.00 price target on the transportation company’s stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Saia from a buy rating to a hold rating in a research report on Wednesday, May 24th. BidaskClub raised shares of Saia from a hold rating to a buy rating in a research report on Saturday, July 1st. Cowen and Company reissued a hold rating and set a $55.00 target price on shares of Saia in a research report on Friday, September 8th. Finally, ValuEngine raised shares of Saia from a hold rating to a buy rating in a research report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $53.17.

Shares of Saia (NASDAQ:SAIA) opened at 60.90 on Thursday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 29.55 and a beta of 0.80. Saia has a 12 month low of $27.96 and a 12 month high of $61.25. The firm has a 50 day moving average of $55.02 and a 200-day moving average of $49.25.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. Saia’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Analysts forecast that Saia will post $2.18 earnings per share for the current year.

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In related news, Director Herbert A. Trucksess III sold 10,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.54, for a total value of $565,400.00. Following the sale, the director now directly owns 158,442 shares of the company’s stock, valued at $8,958,310.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Holland sold 1,618 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $56.21, for a total transaction of $90,947.78. Following the completion of the sale, the director now directly owns 1,028 shares in the company, valued at $57,783.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,576 shares of company stock worth $4,053,452. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Saia by 49,565.9% in the first quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after acquiring an additional 3,068,128 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Saia by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock valued at $94,620,000 after acquiring an additional 9,523 shares in the last quarter. Vanguard Group Inc. raised its holdings in Saia by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock valued at $67,631,000 after acquiring an additional 51,915 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Saia by 9.6% in the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock valued at $45,845,000 after acquiring an additional 78,252 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Saia by 8.3% in the second quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after acquiring an additional 60,162 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

About Saia

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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