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

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

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Saia from $676.00 to $580.00 and set an overweight rating on the stock in a research report on Monday. Raymond James upped their price target on shares of Saia from $565.00 to $604.00 and gave the stock an outperform rating in a research report on Monday, April 15th. Susquehanna lifted their price objective on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a report on Thursday, February 8th. Wolfe Research lowered Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. Finally, Stifel Nicolaus lowered Saia from a buy rating to a hold rating and boosted their price target for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $481.50.

Saia Trading Down 3.0 %

Shares of NASDAQ SAIA traded down $12.71 during midday trading on Monday, hitting $416.10. The company's stock had a trading volume of 1,106,094 shares, compared to its average volume of 323,195. Saia has a 12-month low of $266.91 and a 12-month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market cap of $11.06 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The business's 50 day moving average is $566.04 and its two-hundred day moving average is $479.86.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 EPS. As a group, equities research analysts expect that Saia will post 16.13 EPS for the current year.

Insider Activity at Saia

In other Saia 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 completion of the transaction, the vice president now directly owns 8,482 shares of the company's stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Saia news, VP Raymond R. Ramu sold 1,943 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.83, for a total value of $1,099,407.69. Following the sale, the vice president now owns 4,447 shares in the company, valued at approximately $2,516,246.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock worth $14,966,813 over the last quarter. Insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently modified their holdings of the business. YHB Investment Advisors Inc. purchased a new position in Saia during the first quarter worth approximately $155,000. ZWJ Investment Counsel Inc. raised its stake in shares of Saia by 5.7% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 37,560 shares of the transportation company's stock worth $21,973,000 after buying an additional 2,039 shares during the period. Checchi Capital Advisers LLC purchased a new position in shares of Saia during the 1st quarter valued at approximately $255,000. New York State Teachers Retirement System grew its stake in Saia by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company's stock valued at $14,142,000 after acquiring an additional 100 shares during the period. Finally, WCM Investment Management LLC increased its holdings in Saia by 0.8% in the 1st quarter. WCM Investment Management LLC now owns 74,582 shares of the transportation company's stock worth $43,630,000 after acquiring an additional 609 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.