Brokerages Set Saia, Inc. (NASDAQ:SAIA) Price Target at $381.00

Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $381.00.

A number of brokerages have recently commented on SAIA. Benchmark raised their target price on shares of Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. Bank of America lifted their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price objective on the stock. in a report on Tuesday, February 10th.

Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 1,110 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $375.71, for a total value of $417,038.10. Following the completion of the sale, the chief financial officer directly owned 5,360 shares in the company, valued at $2,013,805.60. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total transaction of $311,200.00. Following the completion of the sale, the chief accounting officer owned 3,157 shares of the company’s stock, valued at approximately $1,228,073. This trade represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,533 shares of company stock valued at $6,015,055 over the last quarter. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Saia

Several institutional investors have recently bought and sold shares of SAIA. Quarry LP lifted its stake in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the period. State of Wyoming acquired a new stake in shares of Saia during the third quarter worth $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Saia during the fourth quarter worth $36,000. Torren Management LLC acquired a new stake in shares of Saia during the fourth quarter worth $40,000. Finally, Allworth Financial LP lifted its stake in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares during the period.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $446.33 on Friday. The firm has a market cap of $11.90 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 2.34 and a beta of 2.04. The firm’s 50 day simple moving average is $373.78 and its 200-day simple moving average is $339.33. Saia has a one year low of $229.12 and a one year high of $448.01. 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 issued 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). The company had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $2.84 earnings per share. As a group, equities analysts predict that Saia will post 10.6 EPS for the current year.

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.