Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $52.60.

Several research analysts recently weighed in on SAIA shares. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “hold” rating and set a $48.00 target price (up from $44.00) on shares of Saia in a research note on Monday, July 31st. Finally, Cowen and Company boosted their target price on Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st.

In other Saia news, CEO Richard D. Odell sold 6,400 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $53.71, for a total transaction of $343,744.00. Following the sale, the chief executive officer now owns 9,034 shares in the company, valued at approximately $485,216.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Maschmeier sold 5,925 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $53.20, for a total value of $315,210.00. Following the sale, the insider now owns 9,150 shares in the company, valued at approximately $486,780. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,958 shares of company stock worth $3,397,105. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SAIA. Parametric Portfolio Associates LLC increased its stake in Saia by 34.0% in the second quarter. Parametric Portfolio Associates LLC now owns 121,839 shares of the transportation company’s stock valued at $6,250,000 after buying an additional 30,939 shares during the last quarter. Vanguard Group Inc. increased its stake 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 buying an additional 51,915 shares during the last quarter. Northern Trust Corp increased its stake 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 buying an additional 60,162 shares during the last quarter. Citigroup Inc. increased its stake in Saia by 67.8% in the second quarter. Citigroup Inc. now owns 58,361 shares of the transportation company’s stock valued at $2,994,000 after buying an additional 23,578 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in Saia by 5.6% in the second quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock valued at $37,063,000 after buying an additional 38,530 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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Saia (SAIA) traded up 1.61% during midday trading on Tuesday, hitting $53.80. The company had a trading volume of 208,950 shares. Saia has a 52 week low of $27.96 and a 52 week high of $58.00. The stock has a 50 day moving average price of $52.38 and a 200-day moving average price of $47.92. The stock has a market capitalization of $1.36 billion, a PE ratio of 26.10 and a beta of 0.78.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million for the quarter, compared to the consensus estimate of $348.53 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts predict that Saia will post $2.21 EPS for the current year.

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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