Saia Inc. (SAIA) Shares Down 2.2%
Saia Inc. (NASDAQ:SAIA) was down 2.2% on Thursday . The stock traded as low as $26.48 and last traded at $26.57, with a volume of 63,724 shares. The stock had previously closed at $27.16.
SAIA has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on Saia from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $32.00 price target (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Saia currently has an average rating of “Hold” and a consensus target price of $29.40.
The stock has a 50-day moving average of $25.58 and a 200 day moving average of $25.60. The company has a market capitalization of $655.81 million and a price-to-earnings ratio of 12.55.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business earned $290 million during the quarter, compared to analysts’ expectations of $285.97 million. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Saia Inc. will post $1.95 earnings per share for the current year.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Royce & Associates LLC raised its position in 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 in the last quarter. Century Capital Management LLC raised its position in Saia by 16.1% in the fourth quarter. Century Capital Management LLC now owns 456,187 shares of the company’s stock worth $10,150,000 after buying an additional 63,302 shares during the period. OppenheimerFunds Inc. raised its position in Saia by 43.7% in the fourth quarter. OppenheimerFunds Inc. now owns 450,394 shares of the company’s stock worth $10,021,000 after buying an additional 137,031 shares during the period. Finally, California State Teachers Retirement System raised its position in Saia by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,488 shares of the company’s stock worth $1,034,000 after buying an additional 764 shares during the period.
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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