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.
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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