Saia, Inc. (NASDAQ:SAIA) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Cowen and Company increased their target price on Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up from $44.00) on shares of Saia in a research report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Saia has a consensus rating of “Buy” and a consensus price target of $52.33.

Shares of Saia (NASDAQ SAIA) opened at 57.55 on Friday. The firm has a 50-day moving average price of $53.34 and a 200 day moving average price of $48.49. Saia has a one year low of $27.96 and a one year high of $58.00. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.92 and a beta of 0.79.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. Saia’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities analysts forecast that Saia will post $2.21 earnings per share for the current fiscal year.

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In related news, Director Herbert A. Trucksess III sold 30,000 shares of Saia stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $54.09, for a total value of $1,622,700.00. Following the completion of the transaction, the director now directly owns 183,442 shares in the company, valued at $9,922,377.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey C. Ward sold 2,521 shares of Saia stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $52.91, for a total value of $133,386.11. Following the completion of the transaction, the director now owns 9,279 shares of the company’s stock, valued at $490,951.89. The disclosure for this sale can be found here. Insiders have sold 62,958 shares of company stock valued at $3,397,105 over the last 90 days. Insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. GHP Investment Advisors Inc. increased its position in shares of Saia by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 8,265 shares of the transportation company’s stock worth $366,000 after buying an additional 40 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Saia by 0.9% in the first quarter. Texas Permanent School Fund now owns 18,419 shares of the transportation company’s stock worth $816,000 after buying an additional 157 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Saia by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the transportation company’s stock worth $461,000 after buying an additional 300 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Saia by 2.3% in the first quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $586,000 after buying an additional 300 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

About Saia

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.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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