Saia Inc. (SAIA) Sees Strong Trading Volume
Saia Inc. (NASDAQ:SAIA) shares saw an uptick in trading volume on Friday . 309,150 shares were traded during trading, an increase of 80% from the previous session’s volume of 172,084 shares.The stock last traded at $28.49 and had previously closed at $26.73.
A number of research firms recently issued reports on SAIA. Cowen and Company reiterated a “market perform” rating and set a $32.00 target price (up previously from $29.00) on shares of Saia in a research report on Thursday, April 28th. Zacks Investment Research downgraded shares of Saia from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. Finally, Stifel Nicolaus dropped their target price on shares of Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Saia has a consensus rating of “Hold” and a consensus target price of $29.40.
The company’s 50 day moving average price is $25.56 and its 200 day moving average price is $25.90. The firm has a market capitalization of $722.60 million and a price-to-earnings ratio of 13.82.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $312 million for the quarter, compared to analyst estimates of $309.75 million. Saia’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities research analysts forecast that Saia Inc. will post $1.90 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have modified their holdings of the company. Royce & Associates LLC boosted its position in shares of Saia by 61.4% in the fourth quarter. Royce & Associates LLC now owns 2,668,995 shares of the company’s stock worth $59,385,000 after buying an additional 1,015,340 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Saia by 43.7% in the fourth quarter. OppenheimerFunds Inc. now owns 450,394 shares of the company’s stock valued at $10,021,000 after buying an additional 137,031 shares in the last quarter. Century Capital Management LLC boosted its position in shares of Saia by 16.1% in the fourth quarter. Century Capital Management LLC now owns 456,187 shares of the company’s stock valued at $10,150,000 after buying an additional 63,302 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Saia by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,488 shares of the company’s stock valued at $1,034,000 after buying an additional 764 shares in the last quarter.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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