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

Saia (NASDAQ:SAIA) had its target price dropped by investment analysts at Susquehanna from $540.00 to $410.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 15.57% from the company’s previous close.

SAIA has been the subject of a number of other reports. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a report on Monday, February 24th. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Cowen reiterated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Bank of America lowered their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $513.06.

Saia Stock Up 1.5 %

Shares of NASDAQ SAIA opened at $354.77 on Monday. The business has a 50-day moving average price of $425.94 and a 200 day moving average price of $464.01. The stock has a market cap of $9.45 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a 52-week low of $342.68 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million during 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%. Saia’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.33 earnings per share. Equities research analysts forecast that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated 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 sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

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