Saia, Inc. (NASDAQ:SAIA) Receives $507.50 Consensus Price Target from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $484.39.

A number of brokerages have recently commented on SAIA. BMO Capital Markets raised shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.00 target price for the company in a report on Monday, April 7th. TD Cowen upped their price objective on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Bank of America lowered their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their price target on Saia from $524.00 to $480.00 and set a “buy” rating for the company in a report on Monday.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc acquired a new stake in shares of Saia during the fourth quarter worth $36,000. Huntington National Bank grew its position in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter.

Saia Trading Up 3.1 %

NASDAQ:SAIA opened at $340.64 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a 52-week low of $287.50 and a 52-week high of $624.55. The stock’s 50 day moving average price is $393.15 and its 200 day moving average price is $456.12. The company has a market capitalization of $9.07 billion, a PE ratio of 25.21, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the business posted $3.33 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Saia will post 15.46 EPS for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.