Saia’s (SAIA) Neutral Rating Reiterated at Susquehanna

Susquehanna restated their neutral rating on shares of Saia (NASDAQ:SAIA) in a report issued on Tuesday morning, MarketBeat reports. The firm currently has a $530.00 price objective on the transportation company’s stock, down from their prior price objective of $565.00.

A number of other equities analysts have also issued reports on the company. Benchmark reissued a “buy” rating and issued a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. Barclays increased their price objective on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup decreased their price target on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $511.65.

Saia Stock Down 2.2 %

Shares of Saia stock opened at $448.22 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $513.32 and its 200-day simple moving average is $459.64. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.96 and a beta of 1.79. Saia has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same period last year, the company earned $3.67 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Saia will post 13.51 earnings per share for the current year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Saia during the second quarter worth $41,000. Paladin Wealth LLC purchased a new stake in shares of Saia during the third quarter worth $40,000. Tobam purchased a new stake in shares of Saia during the third quarter worth $100,000. Blue Trust Inc. raised its holdings in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after acquiring an additional 219 shares in 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.