Susquehanna Cuts Saia (NASDAQ:SAIA) Price Target to $410.00

Saia (NASDAQ:SAIA) had its price objective reduced by Susquehanna from $540.00 to $410.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

SAIA has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price for the company. Barclays dropped their price target on Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.72.

Saia Trading Up 4.5 %

NASDAQ:SAIA opened at $370.82 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $9.87 billion, a P/E ratio of 27.45, a PEG ratio of 2.24 and a beta of 1.89. The company’s 50-day simple moving average is $423.44 and its 200 day simple moving average is $463.36. Saia has a one year low of $342.68 and a one year high of $624.55.

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

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction 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 represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Saia

A number of large investors have recently modified their holdings of the company. Citigroup Inc. grew its position in shares of Saia by 27.2% during the 3rd quarter. Citigroup Inc. now owns 13,731 shares of the transportation company’s stock worth $6,004,000 after buying an additional 2,938 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Saia by 61.7% during the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares during the period. Glenmede Trust Co. NA boosted its position in Saia by 47.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 209 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Saia by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company’s stock valued at $2,631,000 after purchasing an additional 114 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Saia by 5.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,447 shares of the transportation company’s stock valued at $33,864,000 after buying an additional 3,901 shares in 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.