Saia (NASDAQ:SAIA) Trading 4.1% Higher – Should You Buy?

Shares of Saia, Inc. (NASDAQ:SAIA) rose 4.1% during mid-day trading on Monday . The stock traded as high as $288.66 and last traded at $292.9910. Approximately 13,622 shares were traded during trading, a decline of 98% from the average daily volume of 607,129 shares. The stock had previously closed at $281.56.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SAIA shares. Benchmark reaffirmed a “buy” rating and set a $360.00 price objective on shares of Saia in a research note on Thursday, September 25th. Stifel Nicolaus decreased their price target on Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday, October 28th. UBS Group raised their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Evercore ISI reduced their price objective on Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, Redburn Partners set a $262.00 target price on Saia in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.10.

Saia Trading Up 6.1%

The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.96 billion, a P/E ratio of 27.59, a P/E/G ratio of 12.90 and a beta of 2.07. The business has a 50-day moving average price of $289.26 and a two-hundred day moving average price of $289.25.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $3.46 earnings per share. On average, analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its stake in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after acquiring an additional 71 shares during the period. State of Wyoming purchased a new stake in shares of Saia in the third quarter worth $30,000. AlphaQuest LLC bought a new stake in shares of Saia during the 2nd quarter valued at $41,000. Blue Trust Inc. raised its position in shares of Saia by 52.9% during the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 72 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after buying an additional 192 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.