Deutsche Bank initiated coverage on shares of Saia (NASDAQ:SAIA) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued a hold rating and a $77.00 price objective on the transportation company’s stock.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Saia from a buy rating to a hold rating in a research note on Thursday, May 31st. Cowen lifted their price objective on shares of Saia from $80.00 to $84.00 and gave the company a market perform rating in a research note on Thursday, August 2nd. BidaskClub upgraded shares of Saia from a buy rating to a strong-buy rating in a research note on Wednesday, May 23rd. Stifel Nicolaus lowered shares of Saia to a hold rating in a research note on Monday, June 18th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Saia from a hold rating to a buy rating in a research note on Saturday, May 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $77.43.
Saia stock opened at $78.70 on Tuesday. Saia has a 1-year low of $55.16 and a 1-year high of $87.05. The company has a market capitalization of $2.04 billion, a P/E ratio of 35.94 and a beta of 0.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. Saia had a net margin of 7.45% and a return on equity of 13.38%. The business had revenue of $428.73 million during the quarter, compared to analyst estimates of $416.95 million. During the same period in the previous year, the business earned $0.68 EPS. Saia’s revenue was up 17.7% compared to the same quarter last year. sell-side analysts forecast that Saia will post 3.86 EPS for the current year.
In other news, Director Jeffrey C. Ward sold 1,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $76.01, for a total transaction of $76,010.00. Following the completion of the transaction, the director now directly owns 8,279 shares in the company, valued at approximately $629,286.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY grew its position in shares of Saia by 9.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 8,246 shares of the transportation company’s stock valued at $667,000 after purchasing an additional 679 shares in the last quarter. Raymond James & Associates grew its position in shares of Saia by 119.2% during the 2nd quarter. Raymond James & Associates now owns 8,763 shares of the transportation company’s stock valued at $708,000 after purchasing an additional 4,765 shares in the last quarter. Laurion Capital Management LP grew its position in shares of Saia by 16.3% during the 2nd quarter. Laurion Capital Management LP now owns 12,822 shares of the transportation company’s stock valued at $1,037,000 after purchasing an additional 1,800 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Saia by 846.0% during the 2nd quarter. Citadel Advisors LLC now owns 85,498 shares of the transportation company’s stock valued at $6,913,000 after purchasing an additional 76,460 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in shares of Saia by 34.9% during the 2nd quarter. Federated Investors Inc. PA now owns 20,279 shares of the transportation company’s stock valued at $1,639,000 after purchasing an additional 5,248 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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