Analysts Set Saia, Inc. (NASDAQ:SAIA) PT at $526.39

Saia, Inc. (NASDAQ:SAIA) has been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $526.39.

A number of research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research note on Monday, February 24th. TD Cowen upped their price target on shares of 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 decreased their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th.

Saia Stock Up 0.4 %

Shares of SAIA stock opened at $353.64 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm’s 50-day moving average is $452.28 and its 200-day moving average is $467.36. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.24 and a beta of 1.89. Saia has a 52-week low of $347.11 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA) last issued 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 net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts predict that Saia will post 15.46 EPS for the current year.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Crossmark Global Holdings Inc. lifted its stake in Saia by 9.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,879 shares of the transportation company’s stock valued at $822,000 after purchasing an additional 155 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Saia during the third quarter valued at $437,000. Venturi Wealth Management LLC raised its stake in shares of Saia by 63.8% during the third quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 231 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Saia by 19.3% during the third quarter. Victory Capital Management Inc. now owns 188,694 shares of the transportation company’s stock valued at $82,508,000 after acquiring an additional 30,514 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Saia by 11.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,823 shares of the transportation company’s stock valued at $4,732,000 after acquiring an additional 1,101 shares during the last quarter.

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.