Trade Report: Today: Saia Inc. (SAIA) Given Average Rating of “Hold” by Analysts

Today: Saia Inc. (SAIA) Given Average Rating of “Hold” by Analysts

Shares of Saia Inc. (NASDAQ:SAIA) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $28.50.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Saturday, October 29th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. TheStreet raised shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Cowen and Company raised their price target on shares of Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 1st.

Saia (NASDAQ:SAIA) traded down 1.89% during midday trading on Monday, hitting $41.60. The company’s stock had a trading volume of 30,850 shares. The firm has a market cap of $1.04 billion, a P/E ratio of 21.67 and a beta of 0.57. Saia has a 12 month low of $18.28 and a 12 month high of $42.90. The company’s 50 day moving average price is $35.19 and its 200 day moving average price is $29.49.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company earned $316 million during the quarter, compared to the consensus estimate of $310.27 million. Saia had a net margin of 4.07% and a return on equity of 10.74%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Analysts expect that Saia will post $1.90 EPS for the current year.

In other Saia news, VP Mark H. Robinson sold 9,510 shares of Saia stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $35.53, for a total value of $337,890.30. Following the completion of the sale, the vice president now owns 16,328 shares of the company’s stock, valued at approximately $580,133.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Odell sold 13,000 shares of Saia stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $42.00, for a total transaction of $546,000.00. Following the completion of the sale, the chief executive officer now directly owns 29,532 shares of the company’s stock, valued at approximately $1,240,344. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Texas Permanent School Fund increased its stake in shares of Saia by 0.4% in the third quarter. Texas Permanent School Fund now owns 19,202 shares of the company’s stock worth $575,000 after buying an additional 77 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Saia by 0.5% in the second quarter. TD Asset Management Inc. now owns 19,800 shares of the company’s stock worth $498,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Saia by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,560 shares of the company’s stock worth $167,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Saia by 2.4% in the second quarter. Arizona State Retirement System now owns 13,023 shares of the company’s stock worth $327,000 after buying an additional 300 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Saia by 4.7% in the second quarter. Profund Advisors LLC now owns 8,294 shares of the company’s stock worth $209,000 after buying an additional 370 shares during the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

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