Saia (NASDAQ:SAIA) Reaches New 12-Month High – Still a Buy?

Shares of Saia, Inc. (NASDAQ:SAIA) reached a new 52-week high on Wednesday . The company traded as high as $430.11 and last traded at $414.50, with a volume of 35865 shares trading hands. The stock had previously closed at $414.05.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAIA shares. The Goldman Sachs Group reissued a “buy” rating and issued a $403.00 price objective on shares of Saia in a report on Tuesday, February 10th. Barclays upped their price target on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Rothschild & Co Redburn set a $262.00 price target on shares of Saia in a research note on Wednesday, November 26th. BMO Capital Markets set a $425.00 price objective on shares of Saia in a research note on Thursday, February 19th. Finally, Morgan Stanley downgraded shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a research note on Tuesday, February 10th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Saia presently has an average rating of “Hold” and an average target price of $380.47.

Saia Stock Performance

The company’s fifty day simple moving average is $371.52 and its two-hundred day simple moving average is $326.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $10.58 billion, a P/E ratio of 41.66, a PEG ratio of 2.22 and a beta of 2.04.

Saia (NASDAQ:SAIA) last posted its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.13). The firm had revenue of $789.95 million during the quarter, compared to analyst estimates of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. Saia’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 EPS. As a group, equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity

In related news, CAO Kelly W. Benton sold 800 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the transaction, the chief accounting officer directly owned 3,157 shares in the company, valued at approximately $1,228,073. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of Saia stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the sale, the chief executive officer owned 22,743 shares of the company’s stock, valued at $8,842,478.40. This trade represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,533 shares of company stock worth $6,015,055. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SAIA. Vestor Capital LLC boosted its stake in shares of Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after buying an additional 28 shares during the period. Parallel Advisors LLC raised its holdings in Saia by 5.8% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 31 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Saia by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after acquiring an additional 38 shares in the last quarter. Boothbay Fund Management LLC lifted its position in shares of Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after acquiring an additional 43 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after purchasing an additional 45 shares in the last quarter.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.