Saia, Inc. (NASDAQ:SAIA – Get Rating) received an average rating of “moderate buy” from the seventeen rating agencies that cover the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The 12-month average price target among analysts who have reported on the stock in the past year is $263.00.

Several equity research analysts have recently commented on SAIA stock. Deutsche Bank Aktiengesellschaft raised its price target on Saia from $245.00 to $281.00 and gave the company a “buy” rating in a report on Monday. Raymond James lowered his price target on Saia shares from $245.00 to $235.00 and set an “outperform” rating on the stock in a Friday, October 14 report. StockNews.com began covering Saia shares in a report on Wednesday, October 12. They set a “hold” rating for the company. Stifel Nicolaus cut his price target on Saia shares from $238.00 to $229.00 in a Thursday, July 28 research report. Finally, Susquehanna Bancshares raised its price target on Saia from $265.00 to $270.00 in a research report on Thursday, July 28.

Saia tariff performance

NASDAQ: SAIA opened at $254.40 on Tuesday. The stock has a 50-day moving average of $201.11 and a two-hundred-day moving average of $205.47. Saia has a 12-month low of $168.03 and a 12-month high of $365.50. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt ratio of 0.01. The company has a market capitalization of $6.73 billion, a P/E ratio of 18.83, a price-to-earnings growth ratio of 1.07 and a beta of 1.38.

Insider activity

In other Saia news, Director Di-Ann Eisnor sold 456 shares in a trade dated Friday August 26th. The shares were sold at an average price of $224.04, for a total value of $102,162.24. Following completion of the transaction, the administrator now directly owns 5,835 shares of the company, valued at $1,307,273.40. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders hold 0.50% of the shares of the company.

Hedge funds weigh on Saia

A number of institutional investors have recently changed their positions in the stock. Quadrant Capital Group LLC increased its stake in Saia by 64.2% in the third quarter. Quadrant Capital Group LLC now owns 156 shares of the transportation company worth $30,000 after acquiring 61 additional shares during the period. Janiczek Wealth Management LLC increased its stake in Saia by 107.7% in the 2nd quarter. Janiczek Wealth Management LLC now owns 135 shares of the transportation company worth $32,000 after buying 70 additional shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Saia shares in Q1 worth approximately $54,000. Huntington National Bank increased its position in Saia shares by 900.0% during the third quarter. Huntington National Bank now owns 310 shares of the transportation company worth $59,000 after buying 279 more shares last quarter. Finally, CWM LLC increased its stake in Saia shares by 58.3% in the third quarter. CWM LLC now owns 391 shares of the transportation company worth $74,000 after purchasing an additional 144 shares in the last quarter.

Saia company profile

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Saia, Inc, through its subsidiaries, operates as a transport company in North America. The company provides LTL services for shipments between 400 and 10,000 pounds; and other value-added services, including truckload, expedited, and non-asset logistics services. As of December 31, 2021, it operated 176 own and leased facilities; and owned about 5,600 tractors and 19,300 trailers.

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