Saia (NASDAQ:SAIA) Price Target Lowered to $484.00 at Bank of America

Saia (NASDAQ:SAIA) had its target price cut by Bank of America from $645.00 to $484.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on SAIA. Wolfe Research cut Saia from an outperform rating to a peer perform rating in a research note on Thursday, April 11th. Stifel Nicolaus downgraded shares of Saia from a buy rating to a hold rating and raised their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. Susquehanna increased their target price on shares of Saia from $500.00 to $625.00 and gave the stock a positive rating in a research report on Thursday, February 8th. UBS Group boosted their price target on Saia from $475.00 to $618.00 and gave the stock a buy rating in a research report on Monday, February 5th. Finally, The Goldman Sachs Group increased their price objective on Saia from $504.00 to $567.00 and gave the company a neutral rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $481.50.

Saia Stock Down 3.0 %

SAIA stock opened at $416.10 on Monday. The company has a 50 day moving average of $566.04 and a two-hundred day moving average of $479.86. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia has a 12-month low of $266.91 and a 12-month high of $628.34. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.39 and a beta of 1.62.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period in the previous year, the business posted $2.85 EPS. Saia’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Saia will post 16.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at approximately $3,136,228.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now owns 5,623 shares in the company, valued at approximately $3,136,228.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction dated 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 transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Hedge funds and other institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in Saia by 5.7% in the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after purchasing an additional 21 shares in the last quarter. Allworth Financial LP lifted its position in Saia by 13.3% during the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after buying an additional 26 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after acquiring an additional 29 shares during the last quarter. Park Place Capital Corp grew its holdings in Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after acquiring an additional 32 shares during the last quarter. Finally, Xponance Inc. increased its position in Saia by 1.0% in the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after acquiring an additional 33 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.