Saia (NASDAQ:SAIA) Reaches New 1-Year High – Still a Buy?

Saia, Inc. (NASDAQ:SAIA)’s share price hit a new 52-week high on Friday . The company traded as high as $435.35 and last traded at $436.7640, with a volume of 36692 shares changing hands. The stock had previously closed at $422.56.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $493.00 price target on shares of Saia in a report on Wednesday, February 11th. Bank of America raised their price target on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target for the company. in a report on Tuesday, February 10th. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and raised their price target for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. Finally, Citigroup raised their price target on shares of Saia from $431.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has an average rating of “Hold” and an average price target of $381.00.

Saia Stock Up 2.8%

The business’s fifty day simple moving average is $373.04 and its 200 day simple moving average is $337.95. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04.

Saia (NASDAQ:SAIA) last released its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The business had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. During the same period in the prior year, the firm posted $2.84 EPS. Saia’s revenue was up .1% on a year-over-year basis. Equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity

In other Saia news, EVP Patrick D. Sugar sold 2,706 shares of Saia stock in a transaction on Friday, February 13th. The shares were sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the sale, the executive vice president owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. The trade was a 22.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. Batteh sold 916 shares of Saia stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.03, for a total transaction of $356,351.48. Following the sale, the chief financial officer directly owned 4,444 shares of the company’s stock, valued at $1,728,849.32. This represents a 17.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,533 shares of company stock worth $6,015,055. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors have recently bought and sold shares of SAIA. Vestor Capital LLC boosted its position in shares of Saia by 9.5% during the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after purchasing an additional 28 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Saia by 5.8% during the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after purchasing an additional 31 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after purchasing an additional 38 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its position in shares of Saia by 1.7% during the third quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company’s stock worth $788,000 after purchasing an additional 45 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.