Saia, Inc. (SAIA) Upgraded by ValuEngine to Buy
Saia, Inc. (NASDAQ:SAIA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus restated a “hold” rating and set a $48.00 price target (up from $44.00) on shares of Saia in a research report on Monday, July 31st. Finally, Cowen and Company boosted their price target on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.33.
Shares of Saia (SAIA) traded up 1.77% on Friday, hitting $57.55. 162,373 shares of the stock were exchanged. The firm’s 50 day moving average price is $53.34 and its 200 day moving average price is $48.49. Saia has a one year low of $27.96 and a one year high of $58.00. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 27.92 and a beta of 0.78.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The company 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 firm earned $0.52 EPS. Saia’s revenue was up 14.8% on a year-over-year basis. Equities analysts anticipate that Saia will post $2.21 earnings per share for the current year.
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In other news, Director Douglas Wayne Rockel sold 3,112 shares of Saia stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $53.70, for a total value of $167,114.40. Following the transaction, the director now owns 7,314 shares of the company’s stock, valued at approximately $392,761.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Odell sold 6,400 shares of Saia stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $53.71, for a total transaction of $343,744.00. Following the completion of the transaction, the chief executive officer now directly owns 9,034 shares in the company, valued at approximately $485,216.14. The disclosure for this sale can be found here. Insiders sold a total of 62,958 shares of company stock worth $3,397,105 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in SAIA. Comerica Bank boosted its position in shares of Saia by 2.4% in the first quarter. Comerica Bank now owns 67,505 shares of the transportation company’s stock valued at $3,257,000 after buying an additional 1,573 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position 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 valued at $302,000 after buying an additional 306 shares in the last quarter. US Bancorp DE boosted its position in shares of Saia by 13.8% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company’s stock valued at $751,000 after buying an additional 2,052 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Saia by 197.4% in the first quarter. American Century Companies Inc. now owns 115,960 shares of the transportation company’s stock valued at $5,137,000 after buying an additional 76,971 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Saia by 71.2% in the first quarter. Algert Global LLC now owns 26,415 shares of the transportation company’s stock valued at $1,170,000 after buying an additional 10,984 shares in the last quarter. 97.04% of the stock is currently 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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