Saia (NASDAQ:SAIA) Price Target Cut to $541.00

Saia (NASDAQ:SAIA) had its target price lowered by UBS Group from $618.00 to $541.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus cut Saia from a buy rating to a hold rating and increased their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. Susquehanna raised their target price on Saia from $500.00 to $625.00 and gave the stock a positive rating in a report on Thursday, February 8th. Benchmark raised their target price on Saia from $575.00 to $625.00 and gave the stock a buy rating in a report on Thursday, March 21st. Raymond James raised their target price on Saia from $565.00 to $604.00 and gave the stock an outperform rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group raised their target price on Saia from $504.00 to $567.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $497.22.

Saia Price Performance

NASDAQ SAIA opened at $405.95 on Monday. The business’s fifty day moving average price is $557.30 and its 200-day moving average price is $478.80. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.25 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. Saia has a 1-year low of $266.91 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 earnings per share. On average, equities analysts predict that Saia will post 15.38 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Richard D. Odell sold 10,000 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock worth $14,966,813 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Commonwealth Equity Services LLC grew its position in Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after acquiring an additional 29 shares in the last quarter. Raymond James & Associates grew its position in Saia by 0.7% in the third quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock worth $36,855,000 after acquiring an additional 653 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Saia by 331.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock worth $1,522,000 after acquiring an additional 2,932 shares in the last quarter. New York State Teachers Retirement System grew its position in Saia by 3.9% in the third quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock worth $9,637,000 after acquiring an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Saia by 16.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock worth $2,079,000 after acquiring an additional 728 shares in the last quarter.

Saia Company Profile

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.