Saia (NASDAQ:SAIA) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

Deutsche Bank Aktiengesellschaft cut shares of Saia (NASDAQ:SAIA - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has $273.00 price objective on the transportation company's stock.

SAIA has been the subject of several other research reports. Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Wolfe Research lowered shares of Saia from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus set a $277.00 price objective on Saia in a research note on Monday, April 28th. Jefferies Financial Group decreased their price target on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Citigroup cut their price objective on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $342.58.

Saia Stock Down 2.2 %

Saia stock traded down $5.63 during midday trading on Thursday, reaching $253.52. The stock had a trading volume of 212,894 shares, compared to its average volume of 486,095. The stock has a market capitalization of $6.75 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. Saia has a 1-year low of $229.12 and a 1-year high of $624.55. The firm's fifty day simple moving average is $341.13 and its 200-day simple moving average is $440.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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 business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.38 EPS. As a group, analysts expect that Saia will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

Several hedge funds have recently made changes to their positions in the business. Kestra Investment Management LLC acquired a new position in shares of Saia in the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares in the last quarter. Atala Financial Inc acquired a new position in Saia during the fourth quarter worth about $36,000. Finally, Huntington National Bank raised its holdings in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 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.