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

Saia (NASDAQ:SAIA - Get Free Report) was downgraded by investment analysts at Stephens from an "overweight" rating to an "equal weight" rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They currently have a $255.00 price objective on the transportation company's stock. Stephens' price target suggests a potential upside of 7.55% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday. TD Cowen upped their price objective on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Evercore ISI dropped their price objective on Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 price target for the company. Finally, UBS Group decreased their price objective on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $358.21.

Saia Stock Performance

Saia stock opened at $237.11 on Tuesday. The company has a market capitalization of $6.31 billion, a PE ratio of 17.55, a P/E/G ratio of 2.24 and a beta of 1.99. The firm has a fifty day simple moving average of $358.20 and a two-hundred day simple moving average of $447.63. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $229.21 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.38 EPS. Research analysts expect that Saia will post 15.46 EPS for the current year.

Insider Activity at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new position in shares of Saia during the 4th quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares during the period. Golden State Wealth Management LLC boosted its stake in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after buying an additional 47 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Saia in the 4th quarter valued at $36,000. Finally, Huntington National Bank boosted its position in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 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.

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