Saia (NASDAQ:SAIA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, February 4th.
A number of other equities research analysts have also weighed in on the company. BidaskClub upgraded Saia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. KeyCorp cut their target price on Saia from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, January 3rd. SunTrust Banks initiated coverage on Saia in a research note on Wednesday, December 12th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus set a $73.00 price objective on Saia and gave the company a “hold” rating in a research note on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.68.
Shares of NASDAQ SAIA opened at $68.92 on Monday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.27 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Saia has a fifty-two week low of $52.04 and a fifty-two week high of $87.05.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Monday, February 4th. The transportation company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.09. Saia had a return on equity of 15.95% and a net margin of 6.35%. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $396.82 million. During the same period in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts forecast that Saia will post 4.66 EPS for the current fiscal year.
In related news, VP Raymond R. Ramu sold 20,760 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $69.19, for a total transaction of $1,436,384.40. Following the transaction, the vice president now directly owns 33,920 shares of the company’s stock, valued at approximately $2,346,924.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul C. Peck sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $64.41, for a total value of $128,820.00. Following the sale, the vice president now directly owns 5,444 shares of the company’s stock, valued at $350,648.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,493 shares of company stock worth $5,603,832. 1.10% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new position in shares of Saia in the fourth quarter valued at approximately $224,000. Macquarie Group Ltd. grew its holdings in Saia by 0.6% during the fourth quarter. Macquarie Group Ltd. now owns 492,169 shares of the transportation company’s stock valued at $27,473,000 after purchasing an additional 3,100 shares during the period. Thrivent Financial for Lutherans grew its holdings in Saia by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,321 shares of the transportation company’s stock valued at $1,023,000 after purchasing an additional 402 shares during the period. Globeflex Capital L P bought a new position in Saia during the fourth quarter valued at $624,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Saia during the fourth quarter valued at $619,000.
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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