Saia (NASDAQ:SAIA) Given New $400.00 Price Target at Wells Fargo & Company

Saia (NASDAQ:SAIA) had its target price cut by Wells Fargo & Company from $510.00 to $400.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup cut their target price on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Stifel Nicolaus raised 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. Finally, Barclays dropped their price objective on Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. One 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’s stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $520.28.

Saia Stock Down 0.3 %

Saia stock opened at $376.00 on Thursday. The stock has a 50 day moving average of $434.26 and a two-hundred day moving average of $464.77. Saia has a twelve month low of $342.68 and a twelve month high of $624.55. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.24 and a beta of 1.89. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results 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 company had revenue of $789.00 million for 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%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. As a group, research analysts expect that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction 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 represents a 17.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction 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 owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Saia by 1.0% in the 4th 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 holdings in shares of Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after buying an additional 794,197 shares in the last quarter. State Street Corp raised its position in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after buying an additional 24,351 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares during the period. 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.

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.