Saia’s (SAIA) “Peer Perform” Rating Reiterated at Wolfe Research

Wolfe Research reiterated their peer perform rating on shares of Saia (NASDAQ:SAIA) in a report issued on Thursday, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Saia from $346.00 to $349.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. UBS Group lifted their target price on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Bank of America boosted their target price on Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Stifel Nicolaus increased their price target on Saia from $292.00 to $343.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $339.25.

Saia Stock Up 0.1%

Shares of SAIA opened at $366.96 on Thursday. The stock has a 50 day moving average price of $310.97 and a 200 day moving average price of $303.64. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 34.65 and a beta of 2.09. Saia has a one year low of $229.12 and a one year high of $538.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a net margin of 8.77% and a return on equity of 11.32%. The firm had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the prior year, the firm earned $3.46 EPS. Saia’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts forecast that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna E. Epps acquired 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the purchase, the director directly owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. The SEC filing for this purchase provides additional information. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Saia by 309.8% in the fourth quarter. SG Americas Securities LLC now owns 19,817 shares of the transportation company’s stock valued at $6,471,000 after purchasing an additional 14,981 shares during the period. Gradient Investments LLC lifted its holdings in shares of Saia by 5.9% during the 4th quarter. Gradient Investments LLC now owns 5,068 shares of the transportation company’s stock worth $1,655,000 after acquiring an additional 284 shares during the period. Procyon Advisors LLC purchased a new position in shares of Saia during the 4th quarter worth about $215,000. Park Avenue Securities LLC boosted its position in shares of Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after acquiring an additional 46 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Saia by 16.0% in the fourth quarter. GAMMA Investing LLC now owns 528 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 73 shares during the period.

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.