Saia (NASDAQ:SAIA) Price Target Cut to $422.00 by Analysts at UBS Group

Saia (NASDAQ:SAIA - Free Report) had its target price decreased by UBS Group from $557.00 to $422.00 in a research report sent to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the transportation company's stock.

Several other analysts have also commented on SAIA. Jefferies Financial Group boosted their price target on Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company lowered their target price on shares of Saia from $510.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. 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. Cowen reaffirmed a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Saia in a report on Friday, March 7th. They issued a "buy" rating and a $570.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $486.83.

Saia Price Performance

Shares of SAIA stock traded down $21.08 during mid-day trading on Tuesday, reaching $330.37. The company's stock had a trading volume of 850,394 shares, compared to its average volume of 453,982. The firm's 50-day moving average is $396.39 and its two-hundred day moving average is $456.78. The company has a market cap of $8.80 billion, a P/E ratio of 24.45, a PEG ratio of 2.24 and a beta of 1.99. Saia has a 1-year low of $287.50 and a 1-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.

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Saia (NASDAQ:SAIA - Get Free Report) 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). The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $3.33 EPS. On average, research analysts predict that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

Several hedge funds have recently bought and sold shares of SAIA. Alliancebernstein L.P. increased its position in shares of 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 buying an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after acquiring an additional 371,232 shares during the period. Select Equity Group L.P. acquired a new position in Saia in the fourth quarter valued at about $137,199,000. Interval Partners LP bought a new stake in shares of Saia in the fourth quarter worth about $89,229,000. Finally, Ameriprise Financial Inc. raised its position in shares of 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 purchasing an additional 153,896 shares during the period.

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.