UBS Group Cuts Saia (NASDAQ:SAIA) Price Target to $422.00

Saia (NASDAQ:SAIA) had its price objective reduced by stock analysts at UBS Group from $557.00 to $422.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 12.59% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. TD Cowen lifted their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a research report on Monday, February 24th. Finally, Raymond James cut their price target on shares of Saia from $540.00 to $455.00 and set an “outperform” rating on the stock in a report on Tuesday. One 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. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus price target of $486.83.

Saia Trading Up 16.0 %

NASDAQ SAIA opened at $374.80 on Tuesday. Saia has a one year low of $287.50 and a one year high of $624.55. The company’s 50 day moving average price is $401.75 and its 200 day moving average price is $458.16. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.24 and a beta of 1.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after purchasing an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock valued at $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Select Equity Group L.P. acquired a new stake in shares of Saia during the 4th quarter valued at $137,199,000. Interval Partners LP acquired a new position in shares of Saia in the 4th quarter worth $89,229,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock worth $162,213,000 after acquiring an additional 153,896 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.