Jefferies Financial Group Cuts Saia (NASDAQ:SAIA) Price Target to $455.00

Saia (NASDAQ:SAIA) had its target price lowered by Jefferies Financial Group from $560.00 to $455.00 in a report issued on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

SAIA has been the subject of several other research reports. BMO Capital Markets raised Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price target for the company in a report on Monday. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Barclays lowered their price target on shares of Saia from $535.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group boosted their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $486.83.

Saia Stock Down 6.0 %

Shares of SAIA stock opened at $330.37 on Wednesday. Saia has a 52-week low of $287.50 and a 52-week high of $624.55. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.24 and a beta of 1.99. The firm’s 50-day moving average is $396.39 and its 200-day moving average is $456.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the prior year, the company earned $3.33 EPS. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Saia will post 15.46 EPS for the current year.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gateway Investment Advisers LLC boosted its stake in shares of Saia by 10.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,905 shares of the transportation company’s stock valued at $1,015,000 after purchasing an additional 275 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in Saia by 15.0% in the 1st quarter. Thrive Wealth Management LLC now owns 581 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 76 shares during the last quarter. Portside Wealth Group LLC boosted its position in Saia by 4.6% in the first quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company’s stock valued at $421,000 after buying an additional 53 shares in the last quarter. Heritage Family Offices LLP grew its stake in shares of Saia by 4.1% during the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock worth $259,000 after buying an additional 29 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Saia by 12.5% during the first quarter. Fulton Bank N.A. now owns 1,723 shares of the transportation company’s stock worth $602,000 after buying an additional 191 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.