Saia, Inc. (NASDAQ:SAIA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $535.41.

Several research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Citigroup cut their target price on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Bank of America reduced their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets upped their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Finally, TD Cowen lifted their price objective on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th.

Saia Stock Down 10.4 %

Saia stock opened at $406.65 on Monday. The company has a market capitalization of $10.81 billion, a PE ratio of 30.10, a PEG ratio of 2.35 and a beta of 1.79. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The firm’s fifty day moving average is $480.48 and its 200 day moving average is $466.02. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.33 EPS. As a group, sell-side analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last three months. Corporate 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 SAIA. Castlekeep Investment Advisors LLC bought a new position in shares of Saia during the 4th quarter valued at approximately $2,908,000. Highview Capital Management LLC DE bought a new position in Saia during the fourth quarter valued at $1,324,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Saia by 72.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,552 shares of the transportation company’s stock worth $41,267,000 after buying an additional 38,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Saia by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,483 shares of the transportation company’s stock valued at $38,501,000 after buying an additional 7,036 shares during the period. Finally, Vident Advisory LLC lifted its position in shares of Saia by 31.6% during the 4th quarter. Vident Advisory LLC now owns 882 shares of the transportation company’s stock valued at $402,000 after buying an additional 212 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.