According to Zacks, “SCS Trans Inc is a leading transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, petrochemical and manufacturing industries. We serve a wide variety of customers by offering regional, interregional and national LTL services and selected TL services across the United States.Saia customers can choose from a wide variety of service options including overnight and second-day regional LTL shipping and a guaranteed/expedited delivery “
Other analysts also recently issued reports about the company. TheStreet upgraded Saia from a hold rating to a buy rating in a report on Friday, August 26th. Stifel Nicolaus downgraded Saia from a buy rating to a hold rating in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Finally, Cowen and Company increased their price target on Saia from $28.00 to $32.00 and gave the stock a market perform rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $29.40.
Shares of Saia (NASDAQ:SAIA) opened at 29.78 on Wednesday. The company has a market cap of $745.60 million, a price-to-earnings ratio of 16.19 and a beta of 0.96. Saia has a 12-month low of $18.28 and a 12-month high of $33.96. The company’s 50-day moving average price is $30.07 and its 200 day moving average price is $27.75.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.03. The company earned $312 million during the quarter, compared to analyst estimates of $309.75 million. Saia had a net margin of 3.90% and a return on equity of 10.61%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Equities analysts predict that Saia will post $1.85 earnings per share for the current year.
In other news, VP Mark H. Robinson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total value of $71,375.00. Following the completion of the sale, the vice president now directly owns 16,602 shares in the company, valued at approximately $473,987.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Aperio Group LLC purchased a new stake in shares of Saia during the first quarter valued at approximately $403,000. Prudential Financial Inc. increased its stake in shares of Saia by 18.4% in the first quarter. Prudential Financial Inc. now owns 69,016 shares of the company’s stock valued at $1,943,000 after buying an additional 10,708 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Saia by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,579,070 shares of the company’s stock valued at $44,451,000 after buying an additional 11,116 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Saia by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 624,377 shares of the company’s stock valued at $17,576,000 after buying an additional 6,499 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Saia during the first quarter valued at approximately $233,000. Institutional investors own 97.75% of the company’s stock.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.