Saia (NASDAQ:SAIA) Rating Lowered to Neutral at Bank of America

Saia (NASDAQ:SAIA) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $251.00 price target on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 6.06% from the company’s current price.

A number of other equities research analysts have also recently issued reports on SAIA. Morgan Stanley upgraded shares of Saia from an “underweight” rating to an “equal weight” rating in a report on Friday, April 25th. Jefferies Financial Group decreased their price target on Saia from $560.00 to $455.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Stephens reissued an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. Finally, TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $358.21.

Saia Stock Down 0.2 %

Shares of Saia stock opened at $236.65 on Monday. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.24 and a beta of 1.99. The stock has a 50-day simple moving average of $353.86 and a 200-day simple moving average of $446.16. Saia has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.38 earnings per share. On average, equities research analysts expect that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in shares of Saia by 20.2% in the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company’s stock worth $1,872,000 after buying an additional 719 shares in the last quarter. Franklin Resources Inc. grew its position in Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after acquiring an additional 3,886 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Saia during the third quarter worth $1,408,000. GAMMA Investing LLC lifted its holdings in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of Saia in the 4th quarter valued at $301,000.

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.