Stephens Reiterates Overweight Rating for Saia (NASDAQ:SAIA)

Stephens reaffirmed their overweight rating on shares of Saia (NASDAQ:SAIA) in a research report released on Thursday,Benzinga reports. Stephens currently has a $600.00 price target on the transportation company’s stock.

Several other equities research analysts also recently commented on SAIA. JPMorgan Chase & Co. reduced their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research report on Tuesday. Citigroup dropped their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday. Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Saia Stock Performance

NASDAQ SAIA opened at $508.47 on Thursday. The stock has a market cap of $13.52 billion, a P/E ratio of 36.32, a PEG ratio of 2.31 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 twelve month low of $358.90 and a twelve month high of $628.34. The company’s 50-day simple moving average is $492.66 and its 200 day simple moving average is $462.24.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.33 earnings per share. As a group, research analysts forecast that Saia will post 13.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SAIA. CIBC Asset Management Inc raised 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 worth $337,000 after purchasing an additional 26 shares during the period. Arizona State Retirement System lifted its holdings in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 29 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period. UMB Bank n.a. increased its holdings 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 worth $1,689,000 after acquiring an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position 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 during the period.

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.