Susquehanna Reaffirms Neutral Rating for Saia (NASDAQ:SAIA)

Saia (NASDAQ:SAIA)‘s stock had its “neutral” rating restated by analysts at Susquehanna in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $530.00 price objective on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 12.45% from the stock’s previous close.

Several other research firms also recently weighed in on SAIA. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Evercore ISI cut their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. 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 report on Wednesday, October 9th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and cut their price objective for the company from $440.00 to $437.00 in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their target price on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $511.65.

Saia Trading Up 1.3 %

Shares of NASDAQ SAIA opened at $471.30 on Tuesday. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The business has a fifty day moving average price of $514.56 and a 200 day moving average price of $459.74. The stock has a market capitalization of $12.53 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Saia

Several large investors have recently bought and sold shares of SAIA. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Saia by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after acquiring an additional 22,143 shares during the last quarter. State Street Corp lifted its holdings in Saia by 3.1% in the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Wasatch Advisors LP boosted its stake in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after buying an additional 6,456 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Saia by 11.8% in the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after buying an additional 31,991 shares during the last quarter.

Saia Company Profile

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.