Saia (NASDAQ:SAIA) Rating Lowered to Equal Weight at Stephens

Stephens downgraded shares of Saia (NASDAQ:SAIA) from an overweight rating to an equal weight rating in a research report report published on Tuesday, MarketBeat reports. Stephens currently has $255.00 target price on the transportation company’s stock, down from their previous target price of $515.00.

A number of other brokerages have also weighed in on SAIA. Citigroup reduced their price target on shares of Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Evercore ISI decreased their price target on Saia from $415.00 to $298.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group lowered their price target on Saia from $560.00 to $455.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on Saia from $436.00 to $299.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $342.58.

Saia Stock Down 1.6 %

NASDAQ:SAIA opened at $240.16 on Tuesday. The firm has a market capitalization of $6.40 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $347.00 and a 200-day moving average of $443.24.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 earnings per share. Analysts predict that Saia will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 in the last three months. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new stake in Saia during the third quarter valued at $1,408,000. Highview Capital Management LLC DE acquired a new stake in shares of Saia during the 4th quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saia in the 4th quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. increased its holdings in Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after buying an additional 4,972 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Saia by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after buying an additional 788 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.