Stifel Nicolaus Reiterates “Hold” Rating for Saia, Inc. (NASDAQ:SAIA)
Stifel Nicolaus restated their hold rating on shares of Saia, Inc. (NASDAQ:SAIA) in a report published on Monday morning. Stifel Nicolaus currently has a $48.00 target price on the transportation company’s stock, up from their previous target price of $44.00.
A number of other analysts also recently issued reports on SAIA. Zacks Investment Research downgraded shares of Saia from a hold rating to a sell rating in a report on Thursday, April 6th. Cowen and Company boosted their price objective on shares of Saia from $49.00 to $50.00 and gave the company a market perform rating in a report on Monday, May 1st. Finally, BidaskClub downgraded shares of Saia from a buy rating to a hold rating in a report on Wednesday, June 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Saia presently has a consensus rating of Buy and an average target price of $52.33.
Shares of Saia (SAIA) traded up 0.66% on Monday, reaching $53.45. 85,787 shares of the company’s stock were exchanged. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 25.93 and a beta of 0.78. Saia has a 12 month low of $27.96 and a 12 month high of $58.00. The firm’s 50-day moving average price is $51.44 and its 200 day moving average price is $47.58.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. The firm had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. Equities research analysts predict that Saia will post $2.21 EPS for the current fiscal year.
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In other news, Director Herbert A. Trucksess III sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $54.33, for a total transaction of $814,950.00. Following the completion of the sale, the director now owns 183,442 shares of the company’s stock, valued at approximately $9,966,403.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Herbert A. Trucksess III sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $54.09, for a total transaction of $1,622,700.00. Following the sale, the director now directly owns 183,442 shares of the company’s stock, valued at approximately $9,922,377.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,400 shares of company stock valued at $2,781,394. 1.50% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the period. Mason Street Advisors LLC increased its stake in shares of Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the period. Capstone Asset Management Co. increased its stake in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the period. Finally, Turner Investments LLC purchased a new stake in shares of Saia during the second quarter worth $359,000. 97.29% of the stock is owned by institutional investors.
Saia Company Profile
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.
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