Seaport Global Securities Reiterates Buy Rating for Saia (SAIA)

Saia (NASDAQ:SAIA)‘s stock had its “buy” rating reiterated by stock analysts at Seaport Global Securities in a report released on Tuesday.

Other equities analysts have also issued reports about the company. ValuEngine upgraded Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Morgan Stanley upped their target price on Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Stifel Nicolaus restated a “hold” rating and issued a $53.00 target price on shares of Saia in a research note on Thursday, September 21st. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Cowen restated a “hold” rating and issued a $55.00 target price on shares of Saia in a research note on Friday, September 8th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Saia currently has an average rating of “Hold” and an average target price of $50.33.

Saia (SAIA) opened at $67.60 on Tuesday. The firm has a market capitalization of $1,697.66, a PE ratio of 32.17 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Saia has a one year low of $41.28 and a one year high of $68.70.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $350.06 million during the quarter, compared to the consensus estimate of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. Saia’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities analysts predict that Saia will post 2.16 earnings per share for the current fiscal year.

In other news, insider Stephanie Maschmeier sold 4,090 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total value of $265,850.00. Following the completion of the transaction, the insider now directly owns 7,316 shares in the company, valued at approximately $475,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Raymond R. Ramu sold 7,293 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total value of $474,045.00. Following the completion of the transaction, the vice president now owns 20,996 shares of the company’s stock, valued at $1,364,740. The disclosure for this sale can be found here. Insiders sold a total of 53,405 shares of company stock valued at $3,451,982 over the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in shares of Saia by 4,376.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,838 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in Saia by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 1,020 shares during the period. Riverhead Capital Management LLC boosted its holdings in Saia by 68.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 1,031 shares during the period. SG Americas Securities LLC purchased a new stake in Saia during the 3rd quarter valued at about $179,000. Finally, 1st Global Advisors Inc. purchased a new stake in Saia during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 99.91% of the company’s stock.

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Saia Company Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

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