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

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

A number of other analysts have also issued reports on the company. Citigroup cut their target price on Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, TD Cowen increased their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $520.28.

Saia Stock Performance

NASDAQ SAIA opened at $376.00 on Thursday. The stock has a fifty day simple moving average of $434.26 and a 200-day simple moving average of $464.77. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $10.01 billion, a PE ratio of 27.83, a P/E/G ratio of 2.24 and a beta of 1.89. Saia has a twelve month low of $342.68 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA) last announced its 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 analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $3.33 EPS. Equities analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, 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 sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. boosted its position in shares of Saia by 10.5% in the 3rd quarter. Raymond James Trust N.A. now owns 729 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 69 shares during the period. Citigroup Inc. lifted its stake in Saia by 27.2% in the third quarter. Citigroup Inc. now owns 13,731 shares of the transportation company’s stock valued at $6,004,000 after buying an additional 2,938 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 shares during the period. Glenmede Trust Co. NA grew its position in shares of Saia by 47.2% during the third quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company’s stock worth $285,000 after acquiring an additional 209 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Saia in the 3rd quarter valued at $854,000.

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.