StockNews.com Lowers Saia (NASDAQ:SAIA) to Sell

StockNews.com lowered shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a report released on Monday.

Several other equities analysts have also recently commented on SAIA. Bank of America reduced their price target on shares of Saia from $645.00 to $484.00 and set a buy rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Saia from $676.00 to $580.00 and set an overweight rating on the stock in a research note on Monday. The Goldman Sachs Group raised their price target on shares of Saia from $504.00 to $567.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a research note on Thursday, February 8th. Finally, Wolfe Research lowered shares of Saia from an outperform rating to a peer perform rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Saia presently has a consensus rating of Hold and a consensus target price of $481.50.

Saia Stock Performance

NASDAQ:SAIA opened at $416.10 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The firm has a 50-day moving average of $566.04 and a two-hundred day moving average of $479.86. The stock has a market cap of $11.06 billion, a P/E ratio of 30.15, a PEG ratio of 1.39 and a beta of 1.62. Saia has a 1-year low of $266.91 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The company had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the previous year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts expect that Saia will post 16.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the transaction, the vice president now directly owns 4,447 shares of the company’s stock, valued at approximately $2,516,246.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,699 shares of company stock worth $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in Saia in the 4th quarter worth approximately $26,000. Pineridge Advisors LLC purchased a new stake in Saia in the 4th quarter worth approximately $26,000. Core Wealth Advisors Inc. purchased a new stake in Saia in the 4th quarter worth approximately $32,000. Rise Advisors LLC purchased a new stake in Saia in the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC purchased a new stake in Saia in the 4th quarter worth approximately $43,000.

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.