Saia (NASDAQ:SAIA) Upgraded by Wall Street Zen to “Hold” Rating

Saia (NASDAQ:SAIA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Susquehanna set a $350.00 price objective on Saia in a report on Friday, October 31st. Evercore ISI lowered their price target on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Benchmark reaffirmed a “buy” rating on shares of Saia in a research note on Wednesday. Redburn Partners set a $262.00 target price on shares of Saia in a research note on Wednesday, November 26th. Finally, UBS Group upped their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $330.10.

Saia Stock Up 0.8%

SAIA opened at $330.91 on Friday. The company has a market cap of $8.82 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 10.50 and a beta of 2.10. Saia has a twelve month low of $229.12 and a twelve month high of $545.12. The company has a 50-day moving average price of $291.12 and a 200 day moving average price of $290.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company had revenue of $839.64 million for the quarter, compared to analysts’ expectations of $824.06 million. During the same period in the previous year, the firm posted $3.46 EPS. Saia’s revenue was down .3% compared to the same quarter last year. Sell-side analysts expect that Saia will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, Director Donna E. Epps acquired 422 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. The trade was a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its stake in shares of Saia by 17.4% in the first quarter. Avantax Advisory Services Inc. now owns 796 shares of the transportation company’s stock valued at $278,000 after buying an additional 118 shares in the last quarter. LPL Financial LLC increased its stake in Saia by 21.4% during the 1st quarter. LPL Financial LLC now owns 30,807 shares of the transportation company’s stock worth $10,765,000 after buying an additional 5,426 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Saia by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 235,774 shares of the transportation company’s stock worth $82,387,000 after buying an additional 9,637 shares in the last quarter. Deutsche Bank AG lifted its holdings in Saia by 25.9% during the 1st quarter. Deutsche Bank AG now owns 47,205 shares of the transportation company’s stock worth $16,495,000 after buying an additional 9,702 shares in the last quarter. Finally, Cynosure Group LLC boosted its position in Saia by 54.2% in the 1st quarter. Cynosure Group LLC now owns 1,925 shares of the transportation company’s stock valued at $673,000 after buying an additional 677 shares during the period.

About Saia

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.