Saia (SAIA) Receives “Buy” Rating from Seaport Global Securities

Seaport Global Securities reiterated their buy rating on shares of Saia (NASDAQ:SAIA) in a research report released on Tuesday.

Several other equities analysts also recently weighed in on the company. Cowen reaffirmed a hold rating and issued a $55.00 price objective on shares of Saia in a research note on Friday, September 8th. Wolfe Research downgraded Saia from an outperform rating to a market perform rating in a research report on Friday, October 6th. Morgan Stanley raised their price target on Saia from $32.00 to $34.00 and gave the stock an equal weight rating in a research report on Thursday, October 5th. Stifel Nicolaus reissued a hold rating and set a $53.00 price target on shares of Saia in a research report on Thursday, September 21st. Finally, Zacks Investment Research downgraded Saia from a buy rating to a hold rating in a research report on Wednesday, September 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Saia has an average rating of Hold and a consensus target price of $50.33.

Saia (NASDAQ:SAIA) traded up $1.00 during midday trading on Tuesday, reaching $67.60. The company had a trading volume of 134,200 shares, compared to its average volume of 177,541. Saia has a 12-month low of $41.28 and a 12-month high of $68.70. The stock has a market cap of $1,697.66, a P/E ratio of 32.17 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm had revenue of $350.06 million during the quarter, compared to analysts’ expectations of $344.46 million. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. equities research analysts anticipate that Saia will post 2.16 earnings per share for the current year.

In other news, VP Frederick J. Holzgrefe III sold 1,322 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $64.53, for a total transaction of $85,308.66. Following the sale, the vice president now owns 31,668 shares in the company, valued at $2,043,536.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Odell sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total value of $2,626,778.00. Following the sale, the chief executive officer now owns 48,634 shares in the company, valued at approximately $3,138,838.36. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock worth $3,451,982 in the last 90 days. Insiders own 1.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Jennison Associates LLC acquired a new position in Saia in the third quarter valued at $16,124,000. Eagle Asset Management Inc. acquired a new position in Saia in the third quarter valued at $15,904,000. Victory Capital Management Inc. boosted its holdings in Saia by 30.3% in the third quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after acquiring an additional 224,547 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Saia by 492.9% in the third quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock valued at $11,819,000 after acquiring an additional 156,827 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Saia by 1,324.6% in the second quarter. Voya Investment Management LLC now owns 149,987 shares of the transportation company’s stock valued at $7,695,000 after acquiring an additional 139,459 shares during the last quarter. Institutional investors and hedge funds own 99.91% of the company’s stock.

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Saia Company Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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