Saia (NASDAQ:SAIA) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a research report released on Sunday.

A number of other research firms have also recently commented on SAIA. Rothschild & Co Redburn set a $262.00 price target on shares of Saia in a report on Wednesday, November 26th. Bank of America set a $413.00 price objective on Saia and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Morgan Stanley downgraded Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price on the stock. in a research note on Tuesday, February 10th. Stifel Nicolaus boosted their price target on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Finally, TD Cowen reaffirmed a “hold” rating on shares of Saia in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $378.50.

Saia Trading Up 1.5%

NASDAQ SAIA opened at $384.91 on Friday. Saia has a 12 month low of $229.12 and a 12 month high of $507.39. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $353.12 and its 200-day moving average price is $316.31. The stock has a market cap of $10.25 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.06 and a beta of 2.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 EPS. As a group, equities analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Donna E. Epps bought 422 shares of the stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the acquisition, the director owned 1,852 shares in the company, valued at $514,115.20. The trade was a 29.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors have recently made changes to their positions in SAIA. Viking Global Investors LP bought a new stake in Saia during the second quarter valued at approximately $226,770,000. Invesco Ltd. grew its position in shares of Saia by 1,300.4% during the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after acquiring an additional 651,332 shares during the period. Alliancebernstein L.P. increased its stake in shares of Saia by 35.4% in the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Norges Bank bought a new position in Saia in the 4th quarter worth $130,411,000. Finally, First Trust Advisors LP lifted its position in Saia by 141.3% during the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after purchasing an additional 326,206 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.