Saia (NASDAQ:SAIA) Price Target Raised to $529.00 at Stifel Nicolaus

Saia (NASDAQ:SAIA) had its price objective boosted by Stifel Nicolaus from $443.00 to $529.00 in a research note published on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other analysts have also recently weighed in on SAIA. Barclays cut their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Finally, Bank of America decreased their target price on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $527.65.

Saia Stock Down 1.4 %

SAIA opened at $494.30 on Thursday. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a 50 day moving average of $502.54 and a 200 day moving average of $461.10. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $13.14 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results 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 company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 EPS. On average, sell-side analysts expect that Saia will post 13.47 EPS for the current year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’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 value of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors have recently made changes to their positions in SAIA. CIBC Asset Management Inc grew its holdings in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. grew its position in shares of Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period. Avior Wealth Management LLC increased its stake in shares of Saia by 3.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after purchasing an additional 37 shares in the last quarter. Finally, Greenleaf Trust raised its position in shares of Saia by 6.4% during the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after purchasing an additional 37 shares during the last quarter.

About Saia

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.