StockNews.com Downgrades Saia (NASDAQ:SAIA) to Sell

StockNews.com cut shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a report published on Monday morning.

Several other research firms also recently weighed in on SAIA. Raymond James upped their price objective on shares of Saia from $565.00 to $604.00 and gave the stock an outperform rating in a report on Monday, April 15th. BMO Capital Markets reduced 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. JPMorgan Chase & Co. cut their price target on shares of Saia from $676.00 to $580.00 and set an overweight rating for the company in a report on Monday. Susquehanna upped their price target on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a report on Thursday, February 8th. Finally, UBS Group cut their price target on shares of Saia from $618.00 to $541.00 and set a buy rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $497.22.

Saia Stock Down 0.2 %

Saia stock opened at $396.00 on Monday. The company has a 50-day simple moving average of $560.37 and a 200-day simple moving average of $479.31. The firm has a market capitalization of $10.53 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.35 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23. Saia has a one year low of $266.91 and a one year high of $628.34.

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

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard D. Odell sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the transaction, the director now owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value 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 approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in Saia by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 15,521 shares of the transportation company’s stock worth $9,080,000 after purchasing an additional 762 shares during the period. BNP Paribas Financial Markets boosted its position in Saia by 1,012.6% during the first quarter. BNP Paribas Financial Markets now owns 17,646 shares of the transportation company’s stock worth $10,323,000 after purchasing an additional 16,060 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Saia during the first quarter worth approximately $6,943,000. Sequoia Financial Advisors LLC boosted its position in Saia by 8.5% during the first quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after purchasing an additional 43 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in Saia during the first quarter worth approximately $756,000.

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.