Saia (NASDAQ:SAIA) Lowered to “Sell” at StockNews.com

Saia (NASDAQ:SAIA) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities research analysts have also issued reports on SAIA. Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group dropped their price objective on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday. Susquehanna boosted their target price on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and lifted their target price for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $481.50.

Saia Stock Performance

SAIA traded down $12.71 on Monday, hitting $416.10. 1,106,094 shares of the stock traded hands, compared to its average volume of 323,195. The business has a fifty day moving average price of $566.04 and a two-hundred day moving average price of $479.86. 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 capitalization of $11.06 billion, a PE ratio of 30.15, a P/E/G ratio of 1.39 and a beta of 1.62. Saia has a 52 week low of $266.91 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.85 EPS. On average, research analysts predict that Saia will post 16.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Richard D. Odell sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares in the company, valued at $3,214,595.75. The sale was disclosed in a filing with the SEC, which can be accessed through 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 completion of the sale, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock valued at $14,966,813 over the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently modified their holdings of SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia in the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia in the fourth quarter valued at approximately $32,000. Rise Advisors LLC bought a new stake in shares of Saia during the first quarter worth $40,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Saia during the fourth quarter worth $43,000.

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.