Saia (NASDAQ:SAIA) Price Target Lowered to $480.00 at Stifel Nicolaus

Saia (NASDAQ:SAIA) had its price objective trimmed by Stifel Nicolaus from $524.00 to $480.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. Stephens reaffirmed an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Jefferies Financial Group reduced their target price on shares of Saia from $560.00 to $455.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. UBS Group lowered their price target on shares of Saia from $557.00 to $422.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Raymond James reduced their price objective on Saia from $540.00 to $455.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $484.39.

Saia Price Performance

NASDAQ:SAIA opened at $340.64 on Monday. The firm has a market cap of $9.07 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company’s 50-day moving average price is $393.15 and its two-hundred day moving average price is $456.12. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a 12 month low of $287.50 and a 12 month high of $624.55.

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

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

A number of large investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Saia during the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the fourth quarter worth $36,000. Huntington National Bank lifted its position in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after purchasing an additional 70 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Saia in the first quarter valued at $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.