According to Zacks, “Saia Inc., is a leading multi-regional less-than-truckload (LTL) carrier. It is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. Saia Inc., serves a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States. It offers customers a wide range of less-than-truckload, non-asset truckload, and logistic services. Saia LTL Freight operates 152 terminals in 38 states and is headquartered in Johns Creek, Georgia. “
A number of other research analysts have also weighed in on SAIA. Stephens set a $71.00 target price on Saia and gave the company a “hold” rating in a report on Thursday, May 2nd. Wolfe Research upgraded Saia from a “market perform” rating to an “outperform” rating in a report on Thursday, April 11th. ValuEngine upgraded XOMA from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Mizuho initiated coverage on Merck & Co., Inc. in a report on Tuesday, July 2nd. They set a “buy” rating and a $97.00 price target on the stock. Finally, BidaskClub upgraded ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a report on Monday, June 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.80.
Saia (NASDAQ:SAIA) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.05). Saia had a net margin of 6.35% and a return on equity of 15.59%. The company had revenue of $410.60 million during the quarter, compared to the consensus estimate of $410.25 million. During the same quarter in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Saia will post 4.55 earnings per share for the current year.
In related news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total transaction of $86,020.00. Following the sale, the vice president now directly owns 1,128 shares in the company, valued at $76,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Saia by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock worth $207,161,000 after acquiring an additional 36,547 shares during the period. Texas Permanent School Fund increased its holdings in shares of Saia by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock worth $939,000 after acquiring an additional 648 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Saia by 4.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 32,858 shares of the transportation company’s stock worth $1,693,000 after acquiring an additional 1,384 shares during the period. Resources Investment Advisors Inc. acquired a new stake in shares of Saia in the 4th quarter worth about $36,000. Finally, Stifel Financial Corp increased its holdings in shares of Saia by 35.5% in the 4th quarter. Stifel Financial Corp now owns 254,168 shares of the transportation company’s stock worth $14,215,000 after acquiring an additional 66,599 shares during the period.
Saia Company Profile
Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.
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