Saia (NASDAQ:SAIA) Shares Down 2.6%

Saia, Inc. (NASDAQ:SAIA)’s share price fell 2.6% during mid-day trading on Wednesday . The company traded as low as $534.87 and last traded at $542.01. 41,670 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 275,083 shares. The stock had previously closed at $556.27.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SAIA shares. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Susquehanna increased their price target on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Bank of America lifted their target price on Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Benchmark upped their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, UBS Group raised their price target on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $500.84.

Saia Trading Down 3.5 %

The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 1.75 and a beta of 1.62. The company’s 50 day simple moving average is $573.54 and its 200-day simple moving average is $474.35.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. Saia’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.65 earnings per share. Sell-side analysts anticipate that Saia, Inc. will post 16.13 EPS for the current year.

Insider Transactions at Saia

In related news, Director Richard D. Odell sold 10,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the transaction, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Richard D. Odell sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the sale, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 over the last quarter. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in Saia in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC purchased a new position in shares of Saia in the 4th quarter valued at $26,000. Rise Advisors LLC acquired a new position in shares of Saia during the 1st quarter valued at $40,000. Core Wealth Advisors Inc. purchased a new stake in Saia during the 4th quarter worth $32,000. Finally, GAMMA Investing LLC acquired a new stake in Saia in the 4th quarter valued at $43,000.

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.