Saia (NASDAQ:SAIA) Price Target Lowered to $484.00 at Bank of America

Saia (NASDAQ:SAIA) had its price target trimmed by Bank of America from $645.00 to $484.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the stock. Wolfe Research downgraded shares of Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. BMO Capital Markets decreased their price target on shares of Saia from $575.00 to $490.00 and set a market perform rating on the stock in a research note on Monday. JPMorgan Chase & Co. began coverage on shares of Saia in a research note on Monday, March 11th. They issued an overweight rating and a $676.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Finally, Susquehanna boosted their price target on shares of Saia from $500.00 to $625.00 and gave the stock a positive rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia presently has an average rating of Hold and an average price target of $497.22.

Saia Trading Down 0.2 %

Shares of Saia stock opened at $396.00 on Monday. The company has a market capitalization of $10.53 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.35 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23. The company has a fifty day moving average of $560.37 and a 200 day moving average of $479.31. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 EPS. On average, sell-side analysts anticipate that Saia will post 16.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Raymond R. Ramu sold 1,943 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the transaction, the vice president now directly owns 4,447 shares in the company, valued at $2,516,246.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Saia by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company’s stock valued at $1,090,950,000 after purchasing an additional 12,074 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after purchasing an additional 519,819 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after purchasing an additional 15,317 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Saia by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock valued at $314,215,000 after purchasing an additional 26,798 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares in 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.