Saia (NASDAQ:SAIA) Shares Down 5%

Saia, Inc. (NASDAQ:SAIA)’s stock price fell 5% during mid-day trading on Thursday . The stock traded as low as $425.21 and last traded at $427.65. 142,404 shares traded hands during trading, a decline of 63% from the average session volume of 389,920 shares. The stock had previously closed at $450.27.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAIA. Evercore ISI increased their price objective on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a report on Tuesday, June 25th. Benchmark reissued a “buy” rating and set a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. TD Cowen increased their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Barclays lowered their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, BMO Capital Markets lowered their target price on shares of Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $479.07.

Saia Trading Down 3.8 %

The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.09 and a beta of 1.74. The company has a 50-day moving average price of $411.76 and a 200-day moving average price of $458.51. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Research analysts predict that Saia, Inc. will post 13.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Several hedge funds have recently made changes to their positions in SAIA. Pineridge Advisors LLC bought a new stake in shares of Saia in the fourth quarter valued at about $26,000. Core Wealth Advisors Inc. bought a new position in Saia during the fourth quarter worth about $32,000. Blue Trust Inc. lifted its stake in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the period. Rise Advisors LLC bought a new position in Saia during the first quarter worth about $40,000. Finally, Quarry LP bought a new position in Saia during the second quarter worth about $41,000.

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.