Saia’s (SAIA) “Peer Perform” Rating Reaffirmed at Wolfe Research

Wolfe Research reaffirmed their peer perform rating on shares of Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports.

Other equities analysts have also recently issued research reports about the company. Rothschild & Co Redburn assumed coverage on Saia in a research report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 price objective for the company. UBS Group lifted their price target on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Redburn Partners set a $262.00 price objective on Saia in a research report on Wednesday, November 26th. Wall Street Zen lowered shares of Saia from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Finally, Rothschild Redb upgraded shares of Saia to a “hold” rating in a research note on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $346.85.

Saia Price Performance

Shares of Saia stock opened at $366.69 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $309.48 and a 200-day simple moving average of $302.76. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 34.63 and a beta of 2.09. Saia has a 1-year low of $229.12 and a 1-year high of $538.03.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $824.06 million. During the same quarter last year, the firm posted $3.46 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, sell-side analysts expect that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Raymond R. Ramu sold 1,000 shares of Saia 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 sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps bought 422 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gradient Investments LLC grew its stake in shares of Saia by 5.9% in the 4th quarter. Gradient Investments LLC now owns 5,068 shares of the transportation company’s stock valued at $1,655,000 after purchasing an additional 284 shares during the period. Procyon Advisors LLC acquired a new stake in Saia in the 4th quarter valued at $215,000. Park Avenue Securities LLC grew its position in Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after acquiring an additional 46 shares during the period. GAMMA Investing LLC grew its position in Saia by 16.0% in the fourth quarter. GAMMA Investing LLC now owns 528 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 73 shares during the period. Finally, Mirabella Financial Services LLP raised its stake in Saia by 112.5% during the third quarter. Mirabella Financial Services LLP now owns 3,914 shares of the transportation company’s stock worth $1,169,000 after acquiring an additional 2,072 shares in the last quarter.

Saia Company Profile

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.