Saia (NASDAQ:SAIA) Reaches New 52-Week High – What’s Next?

Saia, Inc. (NASDAQ:SAIA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $462.39 and last traded at $458.8350, with a volume of 229742 shares trading hands. The stock had previously closed at $431.42.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SAIA shares. TD Cowen increased their target price on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Raymond James Financial restated an “outperform” rating and set a $477.00 price target on shares of Saia in a research note on Friday, May 1st. Jefferies Financial Group raised their price objective on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets set a $425.00 target price on Saia in a report on Thursday, February 19th. Finally, Wells Fargo & Company increased their target price on shares of Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $444.94.

Saia Stock Performance

The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.08 and a beta of 2.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s fifty day moving average is $387.69 and its two-hundred day moving average is $353.57.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter last year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 11.36 earnings per share for the current year.

Insider Activity at Saia

In other news, VP Raymond R. Ramu sold 5,226 shares of Saia stock in a transaction on Friday, February 13th. The stock was sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the transaction, the vice president directly owned 3,631 shares in the company, valued at approximately $1,408,646.45. This trade represents a 59.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the sale, the chief executive officer directly owned 22,743 shares of the company’s stock, valued at approximately $8,842,478.40. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,423 shares of company stock worth $5,598,017 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its position in Saia by 52.4% during the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after buying an additional 672 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Saia by 4.3% in the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Saia in the second quarter valued at about $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Saia in the 2nd quarter worth approximately $13,943,000.

Saia Company Profile

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.