Saia (NASDAQ:SAIA) Given New $535.00 Price Target at Barclays

Saia (NASDAQ:SAIA) had its price objective cut by research analysts at Barclays from $600.00 to $535.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 47.96% from the company’s previous close.

A number of other equities research analysts have also recently commented on SAIA. TD Cowen upped their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 price target for the company. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a report on Monday, February 24th. Bank of America cut their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Raymond James cut their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average price target of $526.39.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $361.59 on Monday. The company has a 50-day simple moving average of $459.97 and a 200-day simple moving average of $468.08. Saia has a one year low of $358.90 and a one year high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.24 and a beta of 1.89.

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

Insider Buying and Selling at Saia

In other news, 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares in the company, valued at $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. Over the last three months, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Saia by 69.3% in the fourth 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. State Street Corp boosted its position in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after acquiring an additional 24,351 shares during the last quarter. Wasatch Advisors LP boosted its position in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after acquiring an additional 6,456 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.