Saia (NASDAQ:SAIA) Upgraded by Wolfe Research to Outperform Rating

Wolfe Research upgraded shares of Saia (NASDAQ:SAIA) from a peer perform rating to an outperform rating in a report released on Tuesday, Marketbeat reports.

A number of other research firms have also recently commented on SAIA. Stifel Nicolaus set a $352.00 price target on Saia in a research note on Tuesday, March 10th. TD Cowen restated a “hold” rating on shares of Saia in a research note on Friday, January 9th. Evercore set a $435.00 price target on Saia in a research note on Wednesday, February 11th. Bank of America upped their price target on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Susquehanna cut Saia from a “positive” rating to a “neutral” rating and upped their price target for the stock from $390.00 to $425.00 in a research note on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $379.47.

Saia Trading Up 1.0%

SAIA opened at $375.61 on Tuesday. Saia has a one year low of $229.12 and a one year high of $430.11. The stock has a market capitalization of $10.02 billion, a PE ratio of 39.45, a P/E/G ratio of 1.91 and a beta of 2.04. The business’s 50 day moving average price is $367.75 and its 200 day moving average price is $332.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64.

Saia (NASDAQ:SAIA) last released its quarterly 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 firm had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. During the same quarter last year, the company earned $2.84 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts expect that Saia will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other news, VP Raymond R. Ramu sold 5,226 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the sale, the vice president directly owned 3,631 shares in the company, valued at approximately $1,408,646.45. This trade represents a 59.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $388.80, for a total value of $1,856,520.00. Following the completion of the sale, the chief executive officer owned 22,743 shares in the company, valued at approximately $8,842,478.40. The trade was a 17.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is owned by company insiders.

Institutional Trading of Saia

Hedge funds have recently modified their holdings of the stock. Quarry LP raised its stake in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 84 shares in the last quarter. State of Wyoming acquired a new stake in shares of Saia in the third quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares in 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.