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

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

Other equities analysts also recently issued research reports about the company. BMO Capital Markets downgraded Saia from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Evercore ISI dropped their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. Susquehanna dropped their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $342.58.

Saia Trading Up 9.2 %

Shares of SAIA stock traded up $22.17 during trading hours on Thursday, reaching $262.33. 1,588,027 shares of the stock were exchanged, compared to its average volume of 486,664. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The company's 50-day moving average price is $344.04 and its 200-day moving average price is $441.80. Saia has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

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

Insider Activity at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last three months. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of Saia by 20.2% during the third quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock worth $1,872,000 after purchasing an additional 719 shares during the last quarter. Franklin Resources Inc. grew its position in Saia by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock worth $31,633,000 after purchasing an additional 3,886 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Saia during the 3rd quarter valued at about $1,408,000. GAMMA Investing LLC lifted its holdings in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after buying an additional 219 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Saia in the fourth quarter worth about $301,000.

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.