Barclays Cuts Saia (NASDAQ:SAIA) Price Target to $290.00

Saia (NASDAQ:SAIA) had its price objective lowered by Barclays from $475.00 to $290.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the company. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Bank of America lowered Saia from a “buy” rating to a “neutral” rating and set a $251.00 price objective on the stock. in a research note on Monday. TD Cowen lifted 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. Finally, Citigroup decreased their price objective on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Saia presently has an average rating of “Hold” and a consensus price target of $358.21.

Saia Trading Up 3.1 %

Shares of SAIA stock opened at $244.00 on Monday. Saia has a 12 month low of $229.12 and a 12 month high of $624.55. The business’s 50 day moving average is $350.60 and its two-hundred day moving average is $444.77. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.50 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99.

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

Insider Activity at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Saia

Large investors have recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Saia in the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. Atala Financial Inc bought a new position in shares of Saia in the fourth quarter valued at $36,000. Finally, Huntington National Bank increased its holdings in Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after buying an additional 70 shares during the last quarter.

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.