Saia (NASDAQ:SAIA) Trading 13.3% Higher

Saia Inc (NASDAQ:SAIA) shares traded up 13.3% during trading on Monday . The stock traded as high as $73.21 and last traded at $73.18, 299,578 shares changed hands during mid-day trading. A decline of 14% from the average session volume of 349,678 shares. The stock had previously closed at $64.59.

Several research analysts have recently commented on the company. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Morgan Stanley reduced their price target on Saia from $69.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, March 23rd. Stephens lowered Saia from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a research report on Tuesday, February 4th. They noted that the move was a valuation call. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, BidaskClub lowered Saia from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.00.

The company has a 50 day moving average of $80.15 and a two-hundred day moving average of $90.81. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.68 billion, a PE ratio of 16.98 and a beta of 0.93.

Saia (NASDAQ:SAIA) last announced its earnings results on Monday, February 3rd. The transportation company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). Saia had a return on equity of 14.52% and a net margin of 6.36%. The business had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $434.31 million. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Saia Inc will post 4.66 EPS for the current fiscal year.

In other Saia news, CEO Richard D. Odell sold 12,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $96.03, for a total transaction of $1,152,360.00. Following the sale, the chief executive officer now owns 40,806 shares in the company, valued at approximately $3,918,600.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Saia by 22.9% during the 1st quarter. State of Alaska Department of Revenue now owns 24,060 shares of the transportation company’s stock valued at $1,769,000 after purchasing an additional 4,490 shares during the last quarter. Norges Bank purchased a new stake in Saia during the 4th quarter valued at about $29,740,000. Geode Capital Management LLC grew its stake in Saia by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 357,043 shares of the transportation company’s stock valued at $33,247,000 after purchasing an additional 8,786 shares during the last quarter. Mason Street Advisors LLC grew its stake in Saia by 2.7% during the 4th quarter. Mason Street Advisors LLC now owns 9,034 shares of the transportation company’s stock valued at $841,000 after purchasing an additional 237 shares during the last quarter. Finally, Capital International Investors purchased a new stake in Saia during the 4th quarter valued at about $10,485,000.

Saia Company Profile (NASDAQ:SAIA)

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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