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

Saia (NASDAQ:SAIA) had its price target trimmed by UBS Group from $618.00 to $541.00 in a report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the stock. Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a research report on Thursday, April 11th. BMO Capital Markets reduced their price target on shares of Saia from $575.00 to $490.00 and set a market perform rating on the stock in a research report on Monday. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Benchmark increased their price target on shares of Saia from $575.00 to $625.00 and gave the stock a buy rating in a research report on Thursday, March 21st. Finally, Susquehanna increased their price target 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $481.50.

Saia Stock Performance

NASDAQ: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 firm has a 50-day moving average of $566.04 and a two-hundred day moving average of $479.86. The stock has a market cap of $11.06 billion, a P/E ratio of 30.15, a PEG ratio of 1.39 and a beta of 1.62. Saia has a 1-year low of $266.91 and a 1-year high of $628.34.

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

Insider Buying and Selling at Saia

In other Saia news, Director Donna E. Epps sold 400 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 1,583 shares in the company, valued at $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps sold 400 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by company insiders.

Institutional Trading of Saia

A number of large investors have recently added to or reduced their stakes in SAIA. Commonwealth Equity Services LLC boosted its holdings in Saia by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after buying an additional 29 shares in the last quarter. Raymond James & Associates boosted its stake in Saia by 0.7% in the 3rd quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock worth $36,855,000 after purchasing an additional 653 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Saia by 331.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock worth $1,522,000 after purchasing an additional 2,932 shares during the period. New York State Teachers Retirement System boosted its stake in Saia by 3.9% in the 3rd quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock worth $9,637,000 after purchasing an additional 900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Saia by 16.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock worth $2,079,000 after purchasing an additional 728 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.