Saia (NASDAQ:SAIA) Stock Rating Lowered by Wolfe Research

Saia (NASDAQ:SAIA - Get Free Report) was downgraded by equities researchers at Wolfe Research from an "outperform" rating to a "peer perform" rating in a report released on Thursday, Marketbeat.com reports.

A number of other equities analysts have also recently weighed in on SAIA. The Goldman Sachs Group upped their price objective on shares of Saia from $398.00 to $446.00 and gave the company a "neutral" rating in a research report on Monday, February 5th. Bank of America upped their price objective on shares of Saia from $600.00 to $645.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Benchmark upped their price objective on shares of Saia from $575.00 to $625.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. 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. Finally, BMO Capital Markets increased their price target on shares of Saia from $450.00 to $515.00 and gave the stock a "market perform" rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $491.16.

Saia Stock Performance

SAIA stock traded up $6.91 on Thursday, reaching $587.91. The company had a trading volume of 216,351 shares, compared to its average volume of 279,211. Saia has a 1 year low of $244.69 and a 1 year high of $628.34. The company's fifty day moving average is $571.77 and its 200 day moving average is $468.80. The company has a market cap of $15.63 billion, a P/E ratio of 44.30, a PEG ratio of 1.94 and a beta of 1.62.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. Saia's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 EPS. On average, sell-side analysts predict that Saia will post 16.12 earnings per share for the current year.

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the sale, the chief executive officer now owns 14,248 shares of the company's stock, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock was 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 directly owns 5,623 shares in the company, valued at approximately $3,136,228.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the chief executive officer now owns 14,248 shares of the company's stock, 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 valued at $14,966,813 in the last 90 days. Insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

Several institutional investors and hedge funds have recently bought and sold shares of SAIA. Allworth Financial LP lifted its stake in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company's stock valued at $97,000 after purchasing an additional 26 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Saia by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company's stock valued at $618,000 after purchasing an additional 29 shares during the period. Park Place Capital Corp lifted its stake in shares of Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company's stock valued at $140,000 after purchasing an additional 32 shares during the period. Xponance Inc. lifted its stake in shares of 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 purchasing an additional 33 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Saia by 6.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company's stock valued at $267,000 after purchasing an additional 35 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.