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.
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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