Saia (NASDAQ:SAIA) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets lowered shares of Saia (NASDAQ:SAIA) from an outperform rating to a market perform rating in a report issued on Friday morning, MarketBeat.com reports. They currently have $285.00 price objective on the transportation company’s stock, down from their prior price objective of $455.00.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus reduced their target price on Saia from $524.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Barclays reduced their price objective on Saia from $535.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. UBS Group cut their price target on shares of Saia from $557.00 to $422.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Stephens reissued an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Finally, TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.94.

Saia Stock Down 30.7 %

Saia stock opened at $245.63 on Friday. Saia has a 1-year low of $229.21 and a 1-year high of $624.55. The business has a fifty day moving average price of $362.99 and a 200-day moving average price of $449.14. 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 stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. During the same period last year, the company posted $3.38 earnings per share. Equities research analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Insider Transactions at Saia

In related news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 in the last three months. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Saia

Several large investors have recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 38 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in 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 acquiring an additional 47 shares during the last quarter. Atala Financial Inc purchased a new position in Saia in the 4th quarter worth approximately $36,000. Finally, Huntington National Bank boosted its holdings in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after purchasing an additional 70 shares during 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.