Saia (NASDAQ:SAIA) Downgraded by Evercore ISI to In-Line

Evercore ISI cut shares of Saia (NASDAQ:SAIA) from an outperform rating to an in-line rating in a research note issued to investors on Tuesday.

Several other analysts have also issued reports on the company. Stephens upgraded Saia from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $308.00 to $414.00 in a report on Tuesday, January 6th. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Friday. Citigroup raised their price target on Saia from $365.00 to $431.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company reduced their price target on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Finally, Susquehanna increased their price objective on Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Hold” and an average price target of $342.45.

Saia Stock Performance

SAIA stock opened at $356.58 on Tuesday. The firm has a 50 day simple moving average of $313.95 and a 200 day simple moving average of $305.10. Saia has a 52 week low of $229.12 and a 52 week high of $538.03. The stock has a market cap of $9.50 billion, a P/E ratio of 33.67 and a beta of 2.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming bought a new position in Saia in the 3rd quarter worth $30,000. Parkside Financial Bank & Trust grew its position in shares of Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares during the last quarter. Allworth Financial LP increased its stake in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares during the period. AlphaQuest LLC acquired a new position in shares of Saia during the 2nd quarter worth about $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after purchasing an additional 192 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.