Saia (NASDAQ:SAIA) Downgraded by StockNews.com

StockNews.com downgraded shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a report published on Monday morning.

SAIA has been the topic of a number of other reports. Benchmark boosted their price target on shares of Saia from $575.00 to $625.00 and gave the company a buy rating in a research note on Thursday, March 21st. Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. Raymond James lifted their price objective on shares of Saia from $565.00 to $604.00 and gave the company an outperform rating in a report on Monday, April 15th. UBS Group dropped their price objective on shares of Saia from $618.00 to $541.00 and set a buy rating for the company in a report on Monday. Finally, BMO Capital Markets dropped their price objective on shares of Saia from $575.00 to $490.00 and set a market perform rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $497.22.

Saia Price Performance

Saia stock opened at $396.00 on Monday. The company’s 50 day simple moving average is $560.37 and its 200-day simple moving average is $479.31. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.62. Saia has a 1 year low of $266.91 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $2.85 earnings per share. As a group, equities research analysts expect that Saia will post 16.13 earnings per share for the current year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were 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 in the company, valued at approximately $7,600,738.08. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the sale, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, 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. In the last quarter, insiders sold 27,699 shares of company stock worth $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in Saia by 26,722.4% in the 4th quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after purchasing an additional 30,998 shares during the last quarter. First Hawaiian Bank raised its position in Saia by 37.6% during the 4th quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company’s stock worth $3,313,000 after buying an additional 2,065 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Saia during the 4th quarter worth $3,287,000. Strs Ohio raised its position in Saia by 1.6% during the 4th quarter. Strs Ohio now owns 11,347 shares of the transportation company’s stock worth $4,972,000 after buying an additional 179 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Saia by 65.9% during the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock worth $92,759,000 after buying an additional 84,046 shares during 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.