Shares of Saia, Inc. (NASDAQ:SAIA – Get Free Report) traded up 3.2% on Tuesday . The company traded as high as $388.94 and last traded at $387.93. 148,679 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 393,134 shares. The stock had previously closed at $375.83.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Saia from $445.00 to $400.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Susquehanna decreased their target price on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Benchmark cut their price target on shares of Saia from $575.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Barclays decreased their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Finally, TD Cowen cut their target price on shares of Saia from $475.00 to $416.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $488.87.
Saia Price Performance
The stock has a market cap of $10.12 billion, a P/E ratio of 28.00, a PEG ratio of 1.81 and a beta of 1.72. The company has a 50 day simple moving average of $425.18 and a 200 day simple moving average of $474.89. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.
Saia (NASDAQ:SAIA – Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. Sell-side analysts forecast that Saia, Inc. will post 13.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Saia
Several large investors have recently made changes to their positions in SAIA. Brown Financial Advisors acquired a new stake in Saia in the second quarter valued at $312,000. Clearbridge Investments LLC lifted its holdings in Saia by 67.2% during the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock valued at $37,603,000 after purchasing an additional 31,876 shares during the last quarter. Truist Financial Corp lifted its position in Saia by 25.6% during the second quarter. Truist Financial Corp now owns 27,715 shares of the transportation company’s stock worth $13,145,000 after acquiring an additional 5,643 shares during the last quarter. Quarry LP bought a new position in Saia during the 2nd quarter worth $41,000. Finally, Core Wealth Advisors Inc. raised its stake in Saia by 810.8% in the 2nd quarter. Core Wealth Advisors Inc. now owns 674 shares of the transportation company’s stock worth $320,000 after purchasing an additional 600 shares in the last quarter.
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.