StockNews.com Lowers Saia (NASDAQ:SAIA) to Sell

Saia (NASDAQ:SAIA) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets dropped their price target on Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research note on Monday. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and upped their price target for the company from $484.00 to $526.00 in a research report on Tuesday, February 6th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. TD Cowen decreased their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $481.50.

Saia Price Performance

SAIA stock opened at $396.83 on Monday. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.39 and a beta of 1.62. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $563.39 and a 200 day moving average price of $479.90.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the previous year, the company posted $2.85 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Saia will post 16.13 earnings per share for the current fiscal year.

Insider Activity

In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard D. Odell sold 10,000 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock valued at $14,966,813 over the last 90 days. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors have recently modified their holdings of SAIA. Consolidated Portfolio Review Corp purchased a new stake in shares of Saia in the first quarter worth about $1,545,000. Retirement Systems of Alabama lifted its position in Saia by 5.1% during the 1st quarter. Retirement Systems of Alabama now owns 42,982 shares of the transportation company’s stock worth $25,144,000 after acquiring an additional 2,091 shares in the last quarter. Van ECK Associates Corp grew its position in Saia by 36.5% in the first quarter. Van ECK Associates Corp now owns 10,465 shares of the transportation company’s stock valued at $6,122,000 after acquiring an additional 2,799 shares in the last quarter. Claret Asset Management Corp acquired a new position in shares of Saia during the first quarter worth $231,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Saia by 49.8% in the first quarter. Commonwealth Equity Services LLC now owns 2,321 shares of the transportation company’s stock valued at $1,358,000 after purchasing an additional 772 shares during the period.

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.