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

Saia, Inc. (NASDAQ:SAIA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $557.74, but opened at $540.81. Saia shares last traded at $543.10, with a volume of 224,728 shares trading hands.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of research reports. Stephens upped their target price on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Bank of America upped their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. BMO Capital Markets upped their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.59.

Saia Trading Down 1.0 %

The business has a 50 day moving average of $490.52 and a 200-day moving average of $448.77. 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 $14.42 billion, a P/E ratio of 38.74, a PEG ratio of 3.02 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly 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). The business had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 earnings per share. Analysts anticipate that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Large investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $22,979,000. Gateway Investment Advisers LLC acquired a new stake in shares of Saia in the 2nd quarter valued at approximately $3,012,000. Westfield Capital Management Co. LP boosted its holdings in shares of Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after buying an additional 31,991 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $7,058,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $437,000.

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.