Saia (NASDAQ:SAIA) Lowered to “Sell” Rating by Wall Street Zen

Saia (NASDAQ:SAIA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

SAIA has been the topic of a number of other research reports. Bank of America raised their price target on Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a research report on Wednesday. Redburn Partners set a $262.00 price objective on Saia in a report on Wednesday, November 26th. Stifel Nicolaus raised their price objective on Saia from $292.00 to $343.00 and gave the company a “hold” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday. Finally, Wells Fargo & Company cut their target price on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.85.

Saia Trading Down 2.7%

Shares of Saia stock opened at $320.29 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. Saia has a 1 year low of $229.12 and a 1 year high of $538.03. The firm has a market cap of $8.53 billion, a PE ratio of 30.24, a PEG ratio of 10.65 and a beta of 2.10. The company has a 50 day simple moving average of $297.69 and a two-hundred day simple moving average of $295.07.

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

Insider Activity at Saia

In related news, Director Donna E. Epps purchased 422 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, with a total value of $117,147.20. Following 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Cresset Asset Management LLC increased its position in shares of Saia by 3.8% in the first quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 47 shares during the period. Raymond James Financial Inc. grew its stake in shares of Saia by 1.6% in the first quarter. Raymond James Financial Inc. now owns 103,650 shares of the transportation company’s stock worth $36,218,000 after purchasing an additional 1,586 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Saia by 118.1% during the 1st quarter. Hsbc Holdings PLC now owns 2,270 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 1,229 shares during the period. Ameriprise Financial Inc. increased its holdings in Saia by 15.0% during the 1st quarter. Ameriprise Financial Inc. now owns 409,303 shares of the transportation company’s stock valued at $143,028,000 after purchasing an additional 53,374 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Saia by 23.5% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,852 shares of the transportation company’s stock valued at $39,084,000 after purchasing an additional 21,300 shares during the last quarter.

About Saia

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.