Saia (NASDAQ:SAIA) Stock Price Down 6.1% – Should You Sell?

Saia, Inc. (NASDAQ:SAIA) fell 6.1% during trading on Friday . The company traded as low as $326.15 and last traded at $330.02. 48,911 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 449,118 shares. The stock had previously closed at $351.45.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of analyst reports. BMO Capital Markets raised shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price objective on the stock in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Citigroup decreased their price objective on shares of Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a research note on Monday, February 24th. Finally, Susquehanna decreased their price target on Saia from $540.00 to $410.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $486.83.

Saia Price Performance

The stock has a market cap of $8.93 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $399.37 and its two-hundred day simple moving average is $457.43.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 earnings per share. Sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale 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 dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 26 shares during the last quarter. Core Wealth Advisors Inc. boosted its position in Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock valued at $319,000 after buying an additional 26 shares during the period. Arizona State Retirement System grew its position in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 29 shares during the last quarter. Heritage Family Offices LLP raised its holdings in Saia by 4.1% during the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock valued at $259,000 after buying an additional 29 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 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.