Saia (NASDAQ:SAIA) Lowered to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Saia (NASDAQ:SAIA) from a buy rating to a hold rating in a report released on Monday morning, Marketbeat reports. They currently have $437.00 target price on the transportation company’s stock, down from their prior target price of $440.00.

SAIA has been the topic of several other research reports. TD Cowen increased their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Susquehanna raised their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Benchmark reiterated a “buy” rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Wells Fargo & Company raised their price objective on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets cut their target price on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $489.63.

Saia Stock Performance

Shares of SAIA stock opened at $422.58 on Monday. Saia has a 52 week low of $341.26 and a 52 week high of $628.34. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.08 and a beta of 1.74. The company has a 50-day simple moving average of $418.63 and a 200 day simple moving average of $439.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The firm had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, sell-side analysts predict that Saia will post 13.98 earnings per share for the current year.

Institutional Trading of Saia

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 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.