Saia (NASDAQ:SAIA) PT Raised to $567.00 at The Goldman Sachs Group

Saia (NASDAQ:SAIA) had its price target upped by The Goldman Sachs Group from $504.00 to $567.00 in a research note issued to investors on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

Several other brokerages have also recently commented on SAIA. Bank of America upped their target price on shares of Saia from $600.00 to $645.00 and gave the company a buy rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. assumed coverage on Saia in a research note on Monday, March 11th. They issued an overweight rating and a $676.00 target price on the stock. UBS Group boosted their target price on Saia from $475.00 to $618.00 and gave the stock a buy rating in a research report on Monday, February 5th. Benchmark increased their price target on shares of Saia from $575.00 to $625.00 and gave the company a buy rating in a research report on Thursday, March 21st. Finally, Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $491.16.

Saia Stock Down 1.7 %

Saia stock opened at $577.72 on Thursday. The business’s 50-day simple moving average is $572.64 and its 200 day simple moving average is $471.20. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 1.87 and a beta of 1.62. Saia has a 12-month low of $244.69 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.65 EPS. As a group, sell-side analysts expect that Saia will post 16.12 EPS for the current year.

Insider Transactions at Saia

In related news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 over the last three months. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Saia by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock valued at $641,815,000 after buying an additional 39,660 shares in the last quarter. Capital International Investors grew its position in shares of Saia by 10.2% in the 1st quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after acquiring an additional 146,262 shares during the period. Capital Research Global Investors increased its stake in shares of Saia by 129.8% during the 4th quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after purchasing an additional 519,819 shares during the last quarter. State Street Corp raised its holdings in shares of Saia by 4.1% in the 1st quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock valued at $218,616,000 after purchasing an additional 35,076 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in Saia by 1.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after purchasing an additional 15,317 shares during the last quarter.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.