Saia (NASDAQ:SAIA) Price Target Raised to $395.00 at Wells Fargo & Company

Saia (NASDAQ:SAIA) had its price objective upped by Wells Fargo & Company from $310.00 to $395.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

SAIA has been the topic of a number of other research reports. Raymond James Financial dropped their price objective on Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target on the stock. in a research report on Tuesday. Rothschild & Co Redburn set a $262.00 price target on shares of Saia in a research note on Wednesday, November 26th. TD Cowen restated a “hold” rating on shares of Saia in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Saia has a consensus rating of “Hold” and an average target price of $378.50.

Saia Trading Down 4.0%

NASDAQ:SAIA traded down $15.47 during mid-day trading on Wednesday, hitting $373.22. The company had a trading volume of 80,611 shares, compared to its average volume of 560,309. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $507.39. The firm has a market cap of $9.94 billion, a P/E ratio of 40.29 and a beta of 2.09. The business’s fifty day moving average is $351.03 and its two-hundred day moving average is $315.33.

Saia (NASDAQ:SAIA) last issued its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. During the same period in the previous year, the company posted $2.84 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts expect that Saia will post 15.46 earnings per share for the current year.

Insider Activity

In other Saia news, Director Donna E. Epps bought 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia 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 transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Hedge funds have recently added to or reduced their stakes in the business. Wilson Asset Management International PTY Ltd. purchased a new position in Saia during the third quarter worth about $1,538,000. Stephens Investment Management Group LLC boosted its position in shares of Saia by 3.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 117,946 shares of the transportation company’s stock valued at $35,308,000 after acquiring an additional 4,155 shares during the last quarter. Voya Investment Management LLC grew 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 worth $65,996,000 after purchasing an additional 57,307 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Saia by 9.7% during the second 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 in the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Saia in the second quarter worth approximately $7,532,000.

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.