Saia (NASDAQ:SAIA) Sets New 12-Month Low After Analyst Downgrade

Saia, Inc. (NASDAQ:SAIA)’s share price reached a new 52-week low during trading on Thursday after Barclays lowered their price target on the stock from $535.00 to $475.00. Barclays currently has an overweight rating on the stock. Saia traded as low as $307.73 and last traded at $319.97, with a volume of 1022088 shares. The stock had previously closed at $370.82.

A number of other research analysts also recently issued reports on the company. Citigroup reduced their price objective on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Stephens restated an “overweight” rating and set a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their price target on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $509.72.

Insider Buying and Selling

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Institutional investors have recently made changes to their positions in the stock. First Hawaiian Bank increased its stake in Saia by 2.5% in the first quarter. First Hawaiian Bank now owns 4,248 shares of the transportation company’s stock valued at $1,484,000 after acquiring an additional 104 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Saia in the 4th quarter worth about $4,493,000. Armis Advisers LLC bought a new position in shares of Saia during the 4th quarter valued at about $340,000. Challenger Wealth Management purchased a new position in shares of Saia during the 4th quarter valued at about $228,000. Finally, Castlekeep Investment Advisors LLC bought a new stake in Saia in the 4th quarter worth approximately $2,908,000.

Saia Stock Up 0.8 %

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 stock has a 50-day moving average of $416.37 and a two-hundred day moving average of $461.58. The company has a market cap of $8.58 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.