Saia’s (SAIA) Neutral Rating Reiterated at Susquehanna

Susquehanna reissued their neutral rating on shares of Saia (NASDAQ:SAIA) in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a $530.00 price objective on the transportation company’s stock, down from their previous price objective of $565.00.

SAIA has been the subject of a number of other research reports. Citigroup lowered their price target on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Barclays boosted their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group boosted their price target on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Benchmark reissued a “buy” rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Finally, 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. One research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $511.65.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $448.22 on Tuesday. The company has a market cap of $11.92 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.96 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The business has a fifty day simple moving average of $513.32 and a 200-day simple moving average of $459.64.

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

Insider Buying and Selling

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Saia during the second quarter valued at approximately $41,000. Paladin Wealth LLC acquired a new stake in shares of Saia during the 3rd quarter worth approximately $40,000. Tobam acquired a new stake in shares of Saia during the 3rd quarter worth approximately $100,000. Blue Trust Inc. raised its position in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period.

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.