Saia (NASDAQ:SAIA) Downgraded to Peer Perform at Wolfe Research

Wolfe Research cut shares of Saia (NASDAQ:SAIAGet Rating) from an outperform rating to a peer perform rating in a research report sent to investors on Thursday, MarketBeat reports.

Other analysts have also issued reports about the company. Stifel Nicolaus lowered their price objective on Saia from $238.00 to $229.00 in a research report on Thursday, July 28th. StockNews.com initiated coverage on Saia in a report on Wednesday, October 12th. They set a hold rating on the stock. Credit Suisse Group dropped their target price on Saia from $268.00 to $241.00 in a research report on Tuesday, October 11th. Citigroup lifted their target price on Saia to $232.00 in a research report on Thursday, October 13th. Finally, Susquehanna lifted their target price on Saia from $265.00 to $270.00 in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of Moderate Buy and an average target price of $254.53.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $236.43 on Thursday. Saia has a twelve month low of $168.03 and a twelve month high of $362.46. The firm has a market cap of $6.26 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The business has a fifty day moving average of $204.59 and a 200-day moving average of $206.54.

Insiders Place Their Bets

In other Saia news, Director Di-Ann Eisnor sold 456 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $224.04, for a total value of $102,162.24. Following the transaction, the director now owns 5,835 shares in the company, valued at $1,307,273.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its position in shares of Saia by 1.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,421 shares of the transportation company’s stock valued at $831,000 after acquiring an additional 47 shares during the last quarter. Cresset Asset Management LLC increased its position in Saia by 6.0% in the first quarter. Cresset Asset Management LLC now owns 907 shares of the transportation company’s stock worth $221,000 after buying an additional 51 shares during the last quarter. HMS Capital Management LLC increased its position in Saia by 4.0% in the third quarter. HMS Capital Management LLC now owns 1,509 shares of the transportation company’s stock worth $287,000 after buying an additional 58 shares during the last quarter. Profund Advisors LLC increased its position in Saia by 3.9% in the third quarter. Profund Advisors LLC now owns 1,588 shares of the transportation company’s stock worth $302,000 after buying an additional 60 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Saia by 4.1% in the first quarter. Mackenzie Financial Corp now owns 1,510 shares of the transportation company’s stock worth $368,000 after buying an additional 60 shares during the last quarter.

About Saia

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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