Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $379.47

Saia, Inc. (NASDAQ:SAIA) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $379.4737.

Several research firms have weighed in on SAIA. Wells Fargo & Company raised their target price on shares of Saia from $310.00 to $395.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Benchmark raised their price objective on shares of Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Barclays lifted their price objective on Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. BMO Capital Markets set a $425.00 target price on Saia in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, January 12th.

Saia Stock Performance

SAIA opened at $334.31 on Tuesday. Saia has a 1-year low of $229.12 and a 1-year high of $430.11. The stock has a market cap of $8.92 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.81 and a beta of 2.04. The stock’s 50 day simple moving average is $366.96 and its 200 day simple moving average is $329.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64.

Saia (NASDAQ:SAIA) last posted its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The firm had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 earnings per share. As a group, equities analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity

In related news, CFO Matthew J. Batteh sold 916 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $389.03, for a total value of $356,351.48. Following the completion of the transaction, the chief financial officer owned 4,444 shares of the company’s stock, valued at approximately $1,728,849.32. The trade was a 17.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 2,706 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the transaction, the executive vice president owned 9,121 shares in the company, valued at approximately $3,527,455.54. This trade represents a 22.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,533 shares of company stock worth $6,015,055 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently modified their holdings of SAIA. Rockefeller Capital Management L.P. raised its holdings in Saia by 203.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the transportation company’s stock valued at $402,000 after acquiring an additional 825 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Saia during the 4th quarter worth $5,172,000. Rehmann Capital Advisory Group boosted its holdings in shares of Saia by 11.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 972 shares of the transportation company’s stock worth $318,000 after purchasing an additional 99 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Saia by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 4,518 shares of the transportation company’s stock worth $1,475,000 after purchasing an additional 999 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after purchasing an additional 222,494 shares during the period.

Saia Company Profile

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.