Saia (NASDAQ:SAIA) Given New $475.00 Price Target at Barclays

Saia (NASDAQ:SAIA) had its price objective trimmed by Barclays from $535.00 to $475.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other analysts have also issued research reports about the company. Stephens restated an “overweight” rating and issued a $600.00 target price on shares of Saia in a report on Thursday, February 6th. Raymond James reduced their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Finally, Bank of America reduced their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $509.72.

Saia Price Performance

NASDAQ SAIA opened at $370.82 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 1 year low of $342.68 and a 1 year high of $624.55. The company has a market cap of $9.87 billion, a PE ratio of 27.45, a PEG ratio of 2.24 and a beta of 1.89. The stock’s 50-day moving average price is $423.44 and its two-hundred day moving average price is $463.36.

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

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Saia

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after purchasing an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock worth $169,863,000 after purchasing an additional 371,232 shares during the period. Select Equity Group L.P. acquired a new position in shares of Saia during the fourth quarter valued at about $137,199,000. Interval Partners LP bought a new stake in shares of Saia in the fourth quarter valued at about $89,229,000. Finally, Ameriprise Financial Inc. grew its position in Saia by 76.2% during the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock worth $162,213,000 after buying an additional 153,896 shares in 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.