Saia Inc. (SAIA) Trading Up 3.5%
Saia Inc. (NASDAQ:SAIA) shot up 3.5% on Thursday . The stock traded as high as $26.79 and last traded at $26.73, with a volume of 338,605 shares. The stock had previously closed at $25.82.
Several research firms have weighed in on SAIA. Cowen and Company restated a “market perform” rating and set a $32.00 target price (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Finally, Stifel Nicolaus cut their target price on Saia from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.40.
The stock has a 50-day moving average of $25.56 and a 200 day moving average of $25.90. The company has a market capitalization of $722.60 million and a P/E ratio of 13.82.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Analysts predict that Saia Inc. will post $1.90 EPS for the current fiscal year.
A number of hedge funds and institutional investors have added to or reduced their stakes in SAIA. 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 in the last quarter. 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. 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 in the last quarter. 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 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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