Saia (NASDAQ:SAIA) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Saia (NASDAQ:SAIA) from a hold rating to a sell rating in a research note released on Monday morning.

Several other research analysts also recently weighed in on the company. TD Cowen dropped their target price on Saia from $528.00 to $473.00 and set a hold rating on the stock in a research note on Monday. The Goldman Sachs Group boosted their target price on Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. BMO Capital Markets dropped their target price on Saia from $575.00 to $490.00 and set a market perform rating on the stock in a research note on Monday. UBS Group dropped their target price on Saia from $618.00 to $541.00 and set a buy rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Saia from $676.00 to $580.00 and set an overweight rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Saia currently has an average rating of Hold and an average price target of $481.50.

Saia Trading Down 3.0 %

Shares of NASDAQ:SAIA opened at $416.10 on Monday. Saia has a 12-month low of $266.91 and a 12-month high of $628.34. The business’s fifty day simple moving average is $566.04 and its 200-day simple moving average is $479.86. The company 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. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04.

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

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. 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 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Saia

A number of large investors have recently bought and sold shares of SAIA. Vanguard Group Inc. increased its stake in Saia by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company’s stock worth $1,090,950,000 after buying an additional 12,074 shares in the last quarter. Capital Research Global Investors increased its stake in Saia by 129.8% during the 4th quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after buying an additional 519,819 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Saia by 1.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after buying an additional 15,317 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Saia by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock worth $314,215,000 after buying an additional 26,798 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after buying an additional 45,155 shares in the last quarter.

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.