Saia (NASDAQ:SAIA) Price Target Lowered to $541.00 at UBS Group

Saia (NASDAQ:SAIA) had its price objective cut by UBS Group from $618.00 to $541.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Susquehanna boosted their price target on shares of Saia from $500.00 to $625.00 and gave the stock a positive rating in a research note on Thursday, February 8th. Bank of America decreased their price objective on shares of Saia from $645.00 to $484.00 and set a buy rating for the company in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Saia from $504.00 to $567.00 and gave the company a neutral rating in a report on Thursday, April 11th. Raymond James boosted 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. Finally, BMO Capital Markets decreased 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 analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia has an average rating of Hold and a consensus price target of $481.50.

Saia Trading Down 3.0 %

SAIA opened at $416.10 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The firm has a 50 day simple moving average of $566.04 and a 200 day simple moving average of $479.86. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34.

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

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the 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 transaction, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Saia

Several large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its position in shares of Saia by 5.7% in the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock valued at $226,000 after purchasing an additional 21 shares during the period. Allworth Financial LP raised its position in shares of Saia by 13.3% in the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 26 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares during the period. Park Place Capital Corp raised its position in shares of Saia by 11.1% in the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 32 shares during the period. Finally, Xponance Inc. increased its position in Saia by 1.0% during the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock worth $1,532,000 after acquiring an additional 33 shares during the period.

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.