Deutsche Bank Aktiengesellschaft Downgrades Saia (NASDAQ:SAIA) to Hold

Saia (NASDAQ:SAIA) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $273.00 price objective on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.07% from the company’s previous close.

SAIA has been the topic of a number of other research reports. Stifel Nicolaus set a $277.00 price target on shares of Saia in a research note on Monday. UBS Group cut their target price on shares of Saia from $422.00 to $305.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Citigroup decreased their price target on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stephens lowered Saia from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $515.00 to $255.00 in a research note on Tuesday. Finally, The Goldman Sachs Group decreased their target price on Saia from $485.00 to $387.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $342.58.

Saia Trading Up 9.2 %

SAIA stock opened at $262.33 on Thursday. Saia has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.99 billion, a P/E ratio of 19.42, a PEG ratio of 2.24 and a beta of 1.99. The company’s 50-day simple moving average is $344.04 and its 200-day simple moving average is $441.92.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million for the quarter, compared to analysts’ expectations of $806.18 million. During the same quarter in the prior year, the company posted $3.38 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % 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 valued at $4,646,181 over the last quarter. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Saia

Several institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC lifted its position in shares of Saia by 55.8% during the first quarter. Segall Bryant & Hamill LLC now owns 26,224 shares of the transportation company’s stock worth $9,163,000 after purchasing an additional 9,393 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in Saia by 9.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 116,400 shares of the transportation company’s stock worth $40,674,000 after buying an additional 10,450 shares in the last quarter. Marks Group Wealth Management Inc lifted its holdings in Saia by 11.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company’s stock worth $7,488,000 after buying an additional 2,212 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Saia by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the transportation company’s stock valued at $2,621,000 after buying an additional 100 shares during the period. Finally, Stephens Investment Management Group LLC grew its stake in shares of Saia by 8.6% in the first quarter. Stephens Investment Management Group LLC now owns 109,096 shares of the transportation company’s stock worth $38,121,000 after acquiring an additional 8,670 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.