Saia (NASDAQ:SAIA) had its price objective upped by Cowen from $61.00 to $80.00 in a research report report published on Monday, February 5th, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.
Several other equities research analysts have also weighed in on SAIA. Stephens reiterated a neutral rating on shares of Saia in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Saia from $60.00 to $61.00 and gave the stock a hold rating in a report on Wednesday, December 13th. Seaport Global Securities reissued a buy rating on shares of Saia in a research report on Tuesday, December 5th. ValuEngine downgraded shares of Saia from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, BidaskClub raised shares of Saia from a buy rating to a strong-buy rating in a research report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Saia presently has a consensus rating of Buy and a consensus price target of $63.75.
Shares of Saia (NASDAQ:SAIA) traded up $0.20 during trading on Monday, reaching $70.20. 229,400 shares of the company’s stock traded hands, compared to its average volume of 247,134. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. The company has a market capitalization of $1,784.33, a PE ratio of 20.11 and a beta of 0.85. Saia has a 1 year low of $41.28 and a 1 year high of $80.25.
Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The company had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. During the same period in the prior year, the business earned $0.40 earnings per share. Saia’s quarterly revenue was up 17.7% on a year-over-year basis. equities analysts expect that Saia will post 3.54 EPS for the current fiscal year.
In other Saia news, CEO Richard D. Odell sold 53,171 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $74.02, for a total value of $3,935,717.42. Following the transaction, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at approximately $960,187.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bjorn E. Olsson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $73.51, for a total transaction of $220,530.00. The disclosure for this sale can be found here. Insiders sold a total of 81,709 shares of company stock valued at $6,040,524 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SAIA. Wells Fargo & Company MN grew its holdings in shares of Saia by 27.8% during the 2nd quarter. Wells Fargo & Company MN now owns 29,860 shares of the transportation company’s stock valued at $1,531,000 after purchasing an additional 6,491 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Saia by 3.6% during the 2nd quarter. Teachers Advisors LLC now owns 45,647 shares of the transportation company’s stock valued at $2,342,000 after purchasing an additional 1,578 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Saia by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock valued at $3,501,000 after purchasing an additional 347 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Saia by 32.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 220,567 shares of the transportation company’s stock valued at $11,315,000 after purchasing an additional 54,438 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Saia by 8.3% during the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after purchasing an additional 60,162 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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