Saia (NASDAQ:SAIA) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 2nd. Morgan Stanley raised their price target on shares of Saia from $35.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a research note on Tuesday, December 5th. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stephens reaffirmed a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $67.75.
Shares of Saia (NASDAQ:SAIA) opened at $76.30 on Thursday. The stock has a market capitalization of $1,955.26, a price-to-earnings ratio of 21.86 and a beta of 0.87. Saia has a 1-year low of $41.28 and a 1-year high of $80.25. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20.
In other news, CEO Richard D. Odell sold 53,171 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $74.02, for a total value of $3,935,717.42. Following the completion of the sale, the chief executive officer now owns 12,972 shares of the company’s stock, valued at approximately $960,187.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Maschmeier sold 8,177 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $73.96, for a total value of $604,770.92. Following the completion of the sale, the insider now directly owns 3,678 shares of the company’s stock, valued at approximately $272,024.88. The disclosure for this sale can be found here. In the last three months, insiders sold 86,109 shares of company stock valued at $6,365,332. 1.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Jennison Associates LLC acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $16,124,000. Eagle Asset Management Inc. acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $15,904,000. Russell Investments Group Ltd. boosted its holdings in shares of Saia by 492.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock valued at $11,819,000 after buying an additional 156,827 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $6,220,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Saia by 16.6% in the 4th quarter. Alliancebernstein L.P. now owns 541,989 shares of the transportation company’s stock valued at $38,346,000 after buying an additional 77,224 shares during the last quarter. 99.63% of the stock is owned by institutional investors.
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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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