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

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

A number of other analysts also recently commented on SAIA. Susquehanna upped 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. Stifel Nicolaus upped their price target on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a research note on Thursday, January 8th. TD Cowen reiterated a “hold” rating on shares of Saia in a report on Friday, January 9th. Finally, Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Hold” and an average target price of $349.74.

Saia Trading Up 2.6%

Shares of SAIA stock opened at $415.46 on Friday. The firm has a market cap of $11.07 billion, a P/E ratio of 39.23 and a beta of 2.09. Saia has a 1-year low of $229.12 and a 1-year high of $511.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. The firm’s 50-day simple moving average is $346.11 and its 200-day simple moving average is $313.71.

Insider Activity at Saia

In related news, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 approximately $514,115.20. The trade was a 29.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at $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. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after buying an additional 71 shares during the last quarter. State of Wyoming purchased a new position in Saia in the third quarter valued at about $30,000. Torren Management LLC acquired a new stake in Saia during the 4th quarter valued at approximately $40,000. AlphaQuest LLC acquired a new stake in Saia during the 2nd quarter valued at approximately $41,000. Finally, Allworth Financial LP increased its holdings in Saia by 69.0% during the 3rd 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 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.