Susquehanna Has Lowered Expectations for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price target cut by Susquehanna from $540.00 to $410.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

SAIA has been the subject of several other reports. Wells Fargo & Company reduced their target price on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a research report on Monday, February 24th. Barclays dropped their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $509.72.

Saia Stock Performance

NASDAQ SAIA opened at $370.82 on Monday. The stock has a 50-day simple moving average of $423.44 and a two-hundred day simple moving average of $463.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market capitalization of $9.87 billion, a P/E ratio of 27.45, a PEG ratio of 2.24 and a beta of 1.89. Saia has a fifty-two week low of $342.68 and a fifty-two week high of $624.55.

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

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIA. Alliancebernstein L.P. lifted 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 worth $883,941,000 after buying an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Saia by 24,815.0% in 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 period. Select Equity Group L.P. acquired a new position in Saia in the 4th quarter valued at $137,199,000. Interval Partners LP purchased a new position in Saia during the fourth quarter worth about $89,229,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock worth $162,213,000 after buying an additional 153,896 shares in the last quarter.

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.