Saia (NASDAQ:SAIA) Stock Rating Upgraded by Wall Street Zen

Saia (NASDAQ:SAIA) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

SAIA has been the topic of a number of other reports. Citigroup decreased their price objective on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Susquehanna set a $350.00 price objective on shares of Saia in a research note on Friday, October 31st. Rothschild Redb raised shares of Saia to a “hold” rating in a report on Wednesday, November 26th. Finally, UBS Group raised their price target on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average price target of $330.10.

Saia Stock Performance

Shares of SAIA stock opened at $330.91 on Friday. The firm’s 50 day moving average is $291.12 and its 200 day moving average is $290.66. The stock has a market capitalization of $8.82 billion, a P/E ratio of 31.25, a PEG ratio of 10.58 and a beta of 2.10. Saia has a 12 month low of $229.12 and a 12 month high of $545.12. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. Saia’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.46 EPS. On average, sell-side analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna E. Epps bought 422 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the transaction, the director directly owned 1,852 shares of the company’s stock, valued at $514,115.20. This represents a 29.51% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several hedge funds have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its holdings in shares of Saia by 17.4% in the first quarter. Avantax Advisory Services Inc. now owns 796 shares of the transportation company’s stock worth $278,000 after buying an additional 118 shares during the period. LPL Financial LLC grew its position in Saia by 21.4% during the 1st quarter. LPL Financial LLC now owns 30,807 shares of the transportation company’s stock worth $10,765,000 after acquiring an additional 5,426 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Saia by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 235,774 shares of the transportation company’s stock worth $82,387,000 after purchasing an additional 9,637 shares during the period. Deutsche Bank AG lifted its position in Saia by 25.9% in the first quarter. Deutsche Bank AG now owns 47,205 shares of the transportation company’s stock valued at $16,495,000 after purchasing an additional 9,702 shares during the last quarter. Finally, Cynosure Group LLC lifted its position in Saia by 54.2% in the first quarter. Cynosure Group LLC now owns 1,925 shares of the transportation company’s stock valued at $673,000 after purchasing an additional 677 shares during the last quarter.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.