Saia (NASDAQ:SAIA) Hits New 52-Week High – Here’s What Happened

Saia, Inc. (NASDAQ:SAIA) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $474.04 and last traded at $473.47, with a volume of 11160 shares trading hands. The stock had previously closed at $456.23.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. TD Cowen lifted their price target on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Evercore set a $476.00 target price on Saia in a report on Friday, May 1st. Jefferies Financial Group raised their price target on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Saia in a research report on Friday, May 1st. Finally, Bank of America upped their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus price target of $444.94.

Saia Stock Performance

The company has a market cap of $12.54 billion, a P/E ratio of 49.38, a price-to-earnings-growth ratio of 2.18 and a beta of 2.12. The stock has a 50 day moving average price of $401.64 and a two-hundred day moving average price of $363.24. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. The business had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. On average, research analysts predict that Saia, Inc. will post 11.38 earnings per share for the current fiscal year.

Institutional Trading of Saia

Several large investors have recently made changes to their positions in SAIA. Quarry LP boosted its holdings in shares of Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares in the last quarter. State of Wyoming acquired a new position in shares of Saia during the 3rd quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Saia during the 4th quarter worth $36,000. Torren Management LLC acquired a new stake in Saia in the fourth quarter valued at about $40,000. Finally, Allworth Financial LP grew its position in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during the last quarter.

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.