Saia (NASDAQ:SAIA) Given New $475.00 Price Target at Barclays

Saia (NASDAQ:SAIA) had its price objective decreased by Barclays from $535.00 to $475.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 32.34% from the stock’s previous close.

Several other equities research analysts also recently weighed in on SAIA. 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. Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Bank of America dropped their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $509.72.

Saia Trading Up 1.2 %

Shares of Saia stock traded up $4.17 during midday trading on Wednesday, reaching $358.94. 26,392 shares of the company’s stock traded hands, compared to its average volume of 429,606. The stock has a 50 day moving average of $425.94 and a 200-day moving average of $464.01. Saia has a 12 month low of $342.68 and a 12 month high of $624.55. The company has a market cap of $9.56 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. As a group, equities analysts expect that Saia will post 15.46 EPS for the current fiscal year.

Insiders Place Their Bets

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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock worth $1,617,000 after purchasing an additional 1,411 shares during the period. Glenmede Trust Co. NA lifted its holdings in Saia by 47.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company’s stock valued at $285,000 after buying an additional 209 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Saia by 1.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company’s stock valued at $2,631,000 after buying an additional 114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Saia by 5.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,447 shares of the transportation company’s stock worth $33,864,000 after acquiring an additional 3,901 shares during the period. Finally, Atom Investors LP bought a new stake in shares of Saia during the third quarter valued at approximately $507,000.

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.