Saia, Inc. (NASDAQ:SAIA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have earned a consensus rating of “Hold” from the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $349.7368.

Several equities research analysts have weighed in on SAIA shares. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Stifel Nicolaus raised their target price on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Rothschild & Co Redburn set a $262.00 price target on Saia in a report on Wednesday, November 26th. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Raymond James Financial reduced their target price on Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th.

Saia Stock Performance

NASDAQ:SAIA opened at $415.46 on Monday. 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 has a fifty-two week low of $229.12 and a fifty-two week high of $511.00. The firm has a market cap of $11.07 billion, a PE ratio of 39.23 and a beta of 2.09. The business has a 50 day moving average price of $346.11 and a 200-day moving average price of $313.79.

Insiders Place Their Bets

In related news, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the transaction, the vice president owned 4,902 shares in the company, valued at $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps purchased 422 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC boosted its holdings in Saia by 3.7% in the third quarter. Stephens Investment Management Group LLC now owns 117,946 shares of the transportation company’s stock worth $35,308,000 after acquiring an additional 4,155 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Saia by 35.1% during the third quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock valued at $65,996,000 after acquiring an additional 57,307 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Saia by 9.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 23,124 shares of the transportation company’s stock worth $6,336,000 after purchasing an additional 2,039 shares during the last quarter. Capital Fund Management S.A. bought a new position in Saia in the 2nd quarter worth about $7,532,000. Finally, Janney Montgomery Scott LLC boosted its stake in Saia by 31.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,823 shares of the transportation company’s stock worth $4,883,000 after purchasing an additional 4,292 shares in the last quarter.

About Saia

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.