Saia (NASDAQ:SAIA) PT Lowered to $541.00 at UBS Group

Saia (NASDAQ:SAIA) had its target price lowered by UBS Group from $618.00 to $541.00 in a report released on Monday, Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

SAIA has been the subject of several other research reports. Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a research report on Thursday, February 8th. Benchmark raised their price target on shares of Saia from $575.00 to $625.00 and gave the company a buy rating in a research report on Thursday, March 21st. Stifel Nicolaus cut shares of Saia from a buy rating to a hold rating and raised their price target for the company from $484.00 to $526.00 in a research report on Tuesday, February 6th. Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Saia from $676.00 to $580.00 and set an overweight rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $497.22.

Saia Stock Performance

NASDAQ:SAIA opened at $396.00 on Monday. 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 stock has a market capitalization of $10.53 billion, a P/E ratio of 28.70, a PEG ratio of 1.35 and a beta of 1.62. The company has a 50 day moving average price of $560.37 and a 200 day moving average price 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 posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The company had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period in the previous year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts forecast that Saia will post 16.13 EPS for the current year.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction 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 completion of 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 ninety days. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Saia by 0.5% in 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 during the period. Capital Research Global Investors increased its stake in Saia by 129.8% in 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 during the period. Artisan Partners Limited Partnership increased its stake in Saia by 1.9% in 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 during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Saia by 3.5% in 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 during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Saia by 6.8% in 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 during the period.

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.