Saia (NASDAQ:SAIA) Hits New 12-Month High After Analyst Upgrade

Saia, Inc. (NASDAQ:SAIAGet Free Report) shares hit a new 52-week high during mid-day trading on Friday after Susquehanna raised their price target on the stock from $500.00 to $625.00. Susquehanna currently has a positive rating on the stock. Saia traded as high as $558.67 and last traded at $554.32, with a volume of 19879 shares. The stock had previously closed at $553.10.

A number of other equities analysts also recently commented on SAIA. BMO Capital Markets raised their target price on shares of Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Bank of America raised their price target on shares of Saia from $498.00 to $600.00 and gave the company a “buy” rating in a report on Monday, February 5th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $418.00 price target for the company in a report on Monday, October 30th. Raymond James lowered their price target on shares of Saia from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Monday, October 30th. Finally, Benchmark raised their price target on shares of Saia from $475.00 to $575.00 and gave the company a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average price target of $468.89.

Get Our Latest Stock Analysis on Saia

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at approximately $7,600,738.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas L. Col sold 1,743 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the transaction, the chief financial officer now owns 6,854 shares in the company, valued at $3,680,049.68. The disclosure for this sale can be found here. Insiders sold a total of 22,113 shares of company stock valued at $11,844,200 in the last ninety days. 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 SAIA. Contravisory Investment Management Inc. bought a new position in shares of Saia in the 4th quarter worth about $26,000. IFP Advisors Inc lifted its position in Saia by 1,684.2% in the 2nd quarter. IFP Advisors Inc now owns 339 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 320 shares during the last quarter. KB Financial Partners LLC bought a new stake in Saia in the 1st quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in Saia in the 4th quarter valued at about $43,000. Finally, National Bank of Canada FI bought a new stake in Saia in the 4th quarter valued at about $44,000.

Saia Trading Up 2.2 %

The stock has a market capitalization of $15.01 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.53 and a beta of 1.58. The company’s 50-day moving average is $446.68 and its two-hundred day moving average is $420.56.

Saia (NASDAQ:SAIAGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. Saia’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $2.65 EPS. Sell-side analysts expect that Saia, Inc. will post 16.01 EPS for the current fiscal year.

About Saia

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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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

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