Wall Street Zen Upgrades Saia (NASDAQ:SAIA) to “Hold”

Saia (NASDAQ:SAIA) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also issued reports on SAIA. Evercore lowered shares of Saia from an “outperform” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. Barclays raised their price objective on shares of Saia from $350.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a report on Friday, January 9th. Finally, Benchmark reiterated a “buy” rating on shares of Saia in a research note on Wednesday, December 3rd. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Saia currently has an average rating of “Hold” and an average target price of $349.74.

Saia Trading Up 2.6%

NASDAQ:SAIA opened at $415.46 on Friday. The stock’s 50 day moving average price is $346.11 and its 200 day moving average price is $313.79. The company has a market capitalization of $11.07 billion, a PE ratio of 39.23 and a beta of 2.09. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia has a 52-week low of $229.12 and a 52-week high of $511.00.

Insider Transactions at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donna E. Epps acquired 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average price of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors have recently modified their holdings of SAIA. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Saia during the fourth quarter worth $202,000. Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Saia by 17.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,298 shares of the transportation company’s stock worth $2,709,000 after purchasing an additional 1,240 shares during the period. North Dakota State Investment Board acquired a new position in shares of Saia during the 4th quarter worth $308,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Saia by 7.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 127,193 shares of the transportation company’s stock valued at $41,531,000 after purchasing an additional 9,247 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.