Saia, Inc. (NASDAQ:SAIA – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $462.39 and last traded at $458.8350, with a volume of 229742 shares changing hands. The stock had previously closed at $431.42.
Analyst Ratings Changes
Several research firms have weighed in on SAIA. Bank of America increased their price target on shares of Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. BMO Capital Markets set a $425.00 target price on Saia in a report on Thursday, February 19th. Benchmark lifted their target price on Saia from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus set a $450.00 price target on Saia in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $444.94.
Check Out Our Latest Stock Analysis on SAIA
Saia Trading Up 0.2%
Saia (NASDAQ:SAIA – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period last year, the firm earned $1.86 EPS. The company’s revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that Saia, Inc. will post 11.36 EPS for the current year.
Hedge Funds Weigh In On Saia
Several large investors have recently made changes to their positions in SAIA. Quarry LP boosted 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 worth $28,000 after acquiring an additional 84 shares during the period. State of Wyoming bought a new position in Saia in the 3rd quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Saia in the fourth quarter worth $36,000. Torren Management LLC bought a new stake in Saia in the 4th quarter valued at $40,000. Finally, Allworth Financial LP increased its holdings in Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during 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.
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