Saia (NASDAQ:SAIA) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.
Several other brokerages have also recently weighed in on SAIA. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, January 2nd. Morgan Stanley raised their price objective on Saia from $35.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. Stephens restated a “neutral” rating on shares of Saia in a report on Friday, February 2nd. Cowen raised their price objective on Saia from $61.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus raised their price objective on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.40.
SAIA opened at $72.00 on Friday. Saia has a 1 year low of $41.28 and a 1 year high of $80.25. The stock has a market capitalization of $1,848.67, a price-to-earnings ratio of 32.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.22.
In related news, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the completion of the transaction, the chief executive officer now owns 12,972 shares in the company, valued at $960,187.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bjorn E. Olsson sold 3,000 shares of Saia stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total value of $220,530.00. The disclosure for this sale can be found here. Insiders sold a total of 86,109 shares of company stock valued at $6,365,332 in the last 90 days. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of SAIA. New York State Common Retirement Fund grew its holdings in Saia by 55.7% during the third quarter. New York State Common Retirement Fund now owns 42,493 shares of the transportation company’s stock worth $2,662,000 after purchasing an additional 15,193 shares during the period. Bank of New York Mellon Corp grew its holdings in Saia by 10.5% during the third quarter. Bank of New York Mellon Corp now owns 345,510 shares of the transportation company’s stock worth $21,647,000 after purchasing an additional 32,939 shares during the period. SG Americas Securities LLC bought a new position in Saia during the third quarter worth about $179,000. Ameriprise Financial Inc. grew its holdings in Saia by 15.9% during the third quarter. Ameriprise Financial Inc. now owns 255,708 shares of the transportation company’s stock worth $16,021,000 after purchasing an additional 35,141 shares during the period. Finally, American International Group Inc. grew its holdings in Saia by 5.7% during the third quarter. American International Group Inc. now owns 20,063 shares of the transportation company’s stock worth $1,257,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.
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Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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