Saia (NASDAQ:SAIA) Rating Lowered to In-Line at Evercore ISI

Saia (NASDAQ:SAIA) was downgraded by investment analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research report issued on Tuesday.

SAIA has been the topic of a number of other research reports. Bank of America raised their price target on Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. raised their target price on shares of Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lifted their price target on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Rothschild & Co Redburn initiated coverage on shares of Saia in a research report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 price objective for the company. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Saia in a report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus target price of $342.45.

Saia Price Performance

NASDAQ SAIA traded down $3.79 on Tuesday, hitting $361.89. 33,549 shares of the company were exchanged, compared to its average volume of 404,895. Saia has a 1-year low of $229.12 and a 1-year high of $538.03. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $312.59 and a two-hundred day moving average of $304.54. The company has a market cap of $9.64 billion, a P/E ratio of 34.17 and a beta of 2.09.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.46 EPS. On average, equities analysts predict that Saia will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $277.60 per share, with a total value of $117,147.20. Following the acquisition, the director directly owned 1,852 shares of the company’s stock, valued at $514,115.20. This trade represents a 29.51% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of Saia by 7.3% during the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock worth $159,000 after acquiring an additional 36 shares during the period. GHP Investment Advisors Inc. raised its position in Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after purchasing an additional 38 shares in the last quarter. Boothbay Fund Management LLC lifted its stake in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the last quarter. CWM LLC increased its stake in shares of Saia by 21.6% in the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 44 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after buying an additional 45 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.