Barclays Has Lowered Expectations for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price target cut by Barclays from $600.00 to $535.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other research firms also recently issued reports on SAIA. Deutsche Bank Aktiengesellschaft started coverage on Saia in a research report on Friday. They issued a “buy” rating and a $570.00 target price on the stock. The Goldman Sachs Group upped their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $526.39.

Saia Stock Down 2.5 %

Shares of NASDAQ SAIA opened at $366.60 on Monday. 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 firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.24 and a beta of 1.89. The stock has a 50 day moving average price of $461.82 and a 200 day moving average price of $468.28. Saia has a 52-week low of $358.90 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the prior year, the company posted $3.33 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction 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 directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia in the third quarter valued at about $1,408,000. Highview Capital Management LLC DE purchased a new stake in shares of Saia in the fourth quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Saia in the fourth quarter valued at about $3,363,000. Legato Capital Management LLC raised its holdings in shares of Saia by 100.6% in the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after buying an additional 785 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 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.