Saia (NASDAQ:SAIA) Stock Rating Lowered by BMO Capital Markets

Saia (NASDAQ:SAIA) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Friday, MarketBeat reports. They currently have a $285.00 price objective on the transportation company’s stock, down from their prior price objective of $455.00. BMO Capital Markets’ price target indicates a potential upside of 16.03% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 price objective on the stock. UBS Group reduced their target price on Saia from $557.00 to $422.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Cowen restated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $474.94.

Saia Trading Down 30.7 %

Shares of Saia stock opened at $245.63 on Friday. Saia has a fifty-two week low of $229.21 and a fifty-two week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a market cap of $6.54 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The firm has a 50-day simple moving average of $362.99 and a two-hundred day simple moving average of $449.15.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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%. During the same period in the previous year, the business posted $3.38 earnings per share. As a group, equities analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after buying an additional 25,090 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after acquiring an additional 794,197 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company’s stock worth $170,598,000 after acquiring an additional 49,442 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock worth $169,863,000 after purchasing an additional 371,232 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter.

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.