According to Zacks, “SCS Trans Inc is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. We serve a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States.Saia customers can choose from a wide variety of service options including overnight and second-day regional LTL shipping and a guaranteed/expedited delivery “
SAIA has been the subject of a number of other research reports. Cowen and Company raised their price objective 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. TheStreet upgraded shares of Saia from a hold rating to a buy rating in a research report on Friday, August 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $29.40.
Saia (NASDAQ:SAIA) opened at 29.33 on Wednesday. The firm has a market capitalization of $734.34 million, a PE ratio of 15.95 and a beta of 0.96. Saia has a one year low of $18.28 and a one year high of $33.96. The stock’s 50 day moving average price is $30.08 and its 200 day moving average price is $27.76.
Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.03. Saia had a return on equity of 10.61% and a net margin of 3.90%. The business had revenue of $312 million for the quarter, compared to analyst estimates of $309.75 million. During the same quarter last year, the company posted $0.75 EPS. Saia’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Saia will post $1.85 EPS for the current year.
In other Saia news, VP Mark H. Robinson sold 2,500 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total value of $71,375.00. Following the completion of the transaction, the vice president now directly owns 16,602 shares of the company’s stock, valued at $473,987.10. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SAIA. BlackRock Fund Advisors boosted its position in shares of Saia by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,579,070 shares of the company’s stock worth $44,451,000 after buying an additional 11,116 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Saia during the first quarter worth $2,180,000. Swiss National Bank boosted its position in shares of Saia by 2.1% in the second quarter. Swiss National Bank now owns 42,900 shares of the company’s stock worth $1,079,000 after buying an additional 900 shares during the period. California Public Employees Retirement System boosted its position in shares of Saia by 15.0% in the second quarter. California Public Employees Retirement System now owns 79,050 shares of the company’s stock worth $1,987,000 after buying an additional 10,300 shares during the period. Finally, HL Financial Services LLC boosted its position in shares of Saia by 12.8% in the second quarter. HL Financial Services LLC now owns 57,446 shares of the company’s stock worth $1,444,000 after buying an additional 6,541 shares during the period. 97.75% of the stock is owned by institutional investors.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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