Several other equities research analysts also recently issued reports on SAIA. Mizuho restated a “hold” rating and issued a $75.00 price target on shares of Saia in a report on Tuesday, July 2nd. KeyCorp upped their price objective on Saia from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $96.00 in a research report on Thursday, August 1st. Seaport Global Securities set a $100.00 price objective on Saia and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank set a $80.00 price objective on Saia and gave the stock a “buy” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.08.
Shares of Saia stock traded down $2.19 during trading hours on Wednesday, hitting $91.19. The company’s stock had a trading volume of 295,850 shares, compared to its average volume of 225,263. Saia has a 12 month low of $52.04 and a 12 month high of $97.59. The stock has a 50 day moving average of $88.67 and a 200 day moving average of $71.24. The company has a market capitalization of $2.38 billion, a PE ratio of 22.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10.
In related news, Director John J. Holland sold 1,027 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul C. Peck sold 6,240 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total value of $486,720.00. Following the transaction, the vice president now directly owns 7,368 shares of the company’s stock, valued at $574,704. The disclosure for this sale can be found here. Insiders have sold 23,267 shares of company stock valued at $2,059,641 over the last ninety days. 1.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Saia by 126.2% during the third quarter. State of Alaska Department of Revenue now owns 19,904 shares of the transportation company’s stock valued at $1,865,000 after purchasing an additional 11,103 shares during the last quarter. Macquarie Group Ltd. boosted its position in Saia by 0.7% during the second quarter. Macquarie Group Ltd. now owns 500,092 shares of the transportation company’s stock valued at $32,341,000 after purchasing an additional 3,267 shares during the last quarter. Atria Investments LLC acquired a new position in Saia during the second quarter valued at approximately $625,000. BlackRock Inc. boosted its position in Saia by 1.0% during the second quarter. BlackRock Inc. now owns 3,804,901 shares of the transportation company’s stock valued at $246,064,000 after purchasing an additional 38,831 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Saia by 6,132.7% during the second quarter. Royal Bank of Canada now owns 9,910 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 9,751 shares during the last quarter.
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.
See Also: Coverage Ratio
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