Saia (NASDAQ:SAIA) Shares Down 5.2% – What’s Next?

Saia, Inc. (NASDAQ:SAIA)’s share price dropped 5.2% during trading on Friday . The company traded as low as $469.07 and last traded at $469.07. Approximately 39,987 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 381,494 shares. The stock had previously closed at $494.93.

Analyst Ratings Changes

A number of analysts recently weighed in on SAIA shares. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Barclays upped their price objective on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and lowered their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $514.88.

Saia Stock Performance

The stock’s 50 day moving average price is $509.70 and its two-hundred day moving average price is $458.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.96 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the company posted $3.67 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Saia, Inc. will post 13.51 EPS for the current year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 22 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 30 shares during the last quarter. Blue Trust Inc. increased its position 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 buying an additional 42 shares in the last quarter. Finally, Cim LLC raised its holdings in shares of Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after acquiring an additional 42 shares during the last quarter.

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.