Saia (NASDAQ:SAIA) Hits New 12-Month Low Following Analyst Downgrade

Saia, Inc. (NASDAQ:SAIA - Get Free Report) shares reached a new 52-week low on Thursday after Barclays lowered their price target on the stock from $535.00 to $475.00. Barclays currently has an overweight rating on the stock. Saia traded as low as $307.73 and last traded at $319.97, with a volume of 1022088 shares traded. The stock had previously closed at $370.82.

SAIA has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price target on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Citigroup decreased their target price on Saia from $544.00 to $498.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 target price on the stock. Finally, TD Cowen raised their price target on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and an average target price of $507.50.

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Insider Activity at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction 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 directly 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 ninety days. Company insiders own 0.30% of the company's stock.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc acquired a new stake in Saia during the fourth quarter worth about $36,000. Huntington National Bank raised its position in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after acquiring an additional 49 shares in the last quarter.

Saia Price Performance

The firm has a market capitalization of $8.66 billion, a P/E ratio of 24.08, a PEG ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $416.37 and its 200-day moving average is $461.87.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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 net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the firm posted $3.33 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.