Saia, Inc. (NASDAQ:SAIA – Get Free Report) has received a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $527.65.
A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Citigroup reduced their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Bank of America lowered their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group raised their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th.
Check Out Our Latest Report on Saia
Saia Stock Performance
Insider Transactions at Saia
In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its stake in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the period. UMB Bank n.a. increased its holdings in Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 37 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after buying an additional 37 shares in the last quarter. Finally, Greenleaf Trust grew its position in shares of Saia by 6.4% during the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after buying an additional 37 shares during the period.
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.
See Also
- Five stocks we like better than Saia
- Transportation Stocks Investing
- Coinbase Gains Momentum on App Store—What It Means for the Stock
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- What is the Shanghai Stock Exchange Composite Index?
- 3 Steel Stocks Soaring After Tariff Announcements
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.