Saia (NASDAQ:SAIA) Cut to "Equal Weight" at Stephens

Saia (NASDAQ:SAIA - Get Free Report) was downgraded by analysts at Stephens from an "overweight" rating to an "equal weight" rating in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $255.00 price objective on the transportation company's stock, down from their prior price objective of $515.00. Stephens' price target would suggest a potential downside of 2.79% from the company's current price.

Several other equities analysts have also commented on SAIA. Barclays dropped their price target on shares of Saia from $475.00 to $290.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Citigroup dropped their price objective on Saia from $498.00 to $435.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday, April 28th. UBS Group dropped their price target on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Bank of America lowered Saia from a "buy" rating to a "neutral" rating and set a $251.00 price objective on the stock. in a research note on Monday, April 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $342.58.

Saia Trading Up 9.2 %

SAIA traded up $22.17 during trading on Tuesday, hitting $262.33. The company's stock had a trading volume of 1,588,027 shares, compared to its average volume of 486,664. Saia has a twelve month low of $229.12 and a twelve month high of $624.55. The stock has a market cap of $6.99 billion, a PE ratio of 19.42, a PEG ratio of 2.24 and a beta of 2.03. The firm's 50 day moving average price is $344.04 and its 200-day moving average price is $441.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). The business had revenue of $787.58 million during 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 business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.38 earnings per share. On average, analysts expect that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

Several large investors have recently added to or reduced their stakes in SAIA. Segall Bryant & Hamill LLC increased its stake in shares of Saia by 55.8% in the first quarter. Segall Bryant & Hamill LLC now owns 26,224 shares of the transportation company's stock valued at $9,163,000 after purchasing an additional 9,393 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of Saia by 9.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 116,400 shares of the transportation company's stock worth $40,674,000 after purchasing an additional 10,450 shares during the last quarter. Marks Group Wealth Management Inc increased its holdings in shares of Saia by 11.5% in the first quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company's stock valued at $7,488,000 after buying an additional 2,212 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Saia by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the transportation company's stock worth $2,621,000 after acquiring an additional 100 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in shares of Saia by 8.6% in the 1st quarter. Stephens Investment Management Group LLC now owns 109,096 shares of the transportation company's stock valued at $38,121,000 after purchasing an additional 8,670 shares during the period.

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.