Saia (NASDAQ:SAIA) Lowered to Hold at BidaskClub

Posted by John. R. Edwardson on Dec 3rd, 2019

Saia (NASDAQ:SAIA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

SAIA has been the topic of a number of other reports. KeyCorp boosted their price objective on Saia from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their price objective on Saia from $60.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Seaport Global Securities set a $100.00 price objective on Saia and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Wolfe Research set a $111.00 price objective on Saia and gave the company a “buy” rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Saia presently has an average rating of “Hold” and a consensus price target of $88.67.

NASDAQ:SAIA opened at $90.32 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.02. Saia has a 52-week low of $52.04 and a 52-week high of $107.00. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.64 and a beta of 1.09. The business’s fifty day moving average is $96.89 and its 200 day moving average is $80.38.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Saia had a net margin of 6.72% and a return on equity of 15.89%. The company had revenue of $468.90 million for the quarter, compared to the consensus estimate of $464.97 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Saia will post 4.39 EPS for the current fiscal year.

In related news, Director John J. Holland sold 1,027 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $87.83, for a total transaction of $90,201.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Odell sold 16,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $92.67, for a total value of $1,482,720.00. Following the transaction, the chief executive officer now owns 49,551 shares of the company’s stock, valued at $4,591,891.17. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC grew its position in Saia by 1.8% during the third quarter. Mason Street Advisors LLC now owns 8,797 shares of the transportation company’s stock worth $824,000 after buying an additional 155 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Saia by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,151 shares of the transportation company’s stock worth $656,000 after purchasing an additional 200 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of Saia by 2.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 8,000 shares of the transportation company’s stock worth $517,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Saia by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock worth $2,597,000 after purchasing an additional 292 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Saia by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 40,419 shares of the transportation company’s stock worth $3,787,000 after purchasing an additional 482 shares in the last quarter.

About Saia

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

Saia (NASDAQ:SAIA) Lowered to Hold at BidaskClub

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