Saia (NASDAQ:SAIA) Reaches New 1-Year High – Here’s What Happened

Saia, Inc. (NASDAQ:SAIA) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $460.05 and last traded at $455.1880, with a volume of 10204 shares trading hands. The stock had previously closed at $449.40.

Analyst Ratings Changes

SAIA has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $441.00 target price on shares of Saia in a research note on Thursday, April 30th. UBS Group restated a “buy” rating and set a $493.00 price objective on shares of Saia in a research report on Wednesday, February 11th. Evercore set a $476.00 price objective on shares of Saia in a research report on Friday, May 1st. Stephens upped their price objective on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price objective on shares of Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $444.94.

Saia Price Performance

The stock’s 50-day moving average price is $383.53 and its 200 day moving average price is $348.82. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 2.05 and a beta of 2.12. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the prior year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts expect that Saia, Inc. will post 11.18 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the sale, the chief executive officer directly owned 22,743 shares in the company, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick D. Sugar sold 2,706 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the sale, the executive vice president owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. The trade was a 22.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,533 shares of company stock valued at $6,015,055 in the last quarter. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. State of Wyoming acquired a new stake in Saia in the third quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new stake in Saia in the fourth quarter valued at approximately $40,000. Finally, Allworth Financial LP raised its holdings in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.