Saia (NASDAQ:SAIA) Shares Gap Down to $489.11

Saia, Inc. (NASDAQ:SAIA) shares gapped down prior to trading on Friday . The stock had previously closed at $489.11, but opened at $396.30. Saia shares last traded at $422.07, with a volume of 301,471 shares traded.

Analyst Upgrades and Downgrades

SAIA has been the topic of several research analyst reports. Bank of America boosted their price objective on Saia from $501.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James decreased their price objective on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. StockNews.com cut Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Wells Fargo & Company started coverage on shares of Saia in a research note on Friday, June 7th. They set an “equal weight” rating and a $445.00 price objective on the stock. Finally, UBS Group lowered their price target on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Saia presently has an average rating of “Hold” and a consensus target price of $502.18.

Saia Stock Performance

The firm’s 50-day moving average price is $447.41 and its two-hundred day moving average price is $492.93. The firm has a market capitalization of $10.68 billion, a PE ratio of 30.62, a P/E/G ratio of 1.72 and a beta of 1.72. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. As a group, research analysts predict that Saia, Inc. will post 15.32 earnings per share for the current fiscal year.

Insider Activity at Saia

In other Saia news, Director John P. Gainor, Jr. purchased 500 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $407.00 per share, with a total value of $203,500.00. Following the purchase, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

Institutional investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC bought a new position in shares of Saia in the 4th quarter worth $26,000. Blue Trust Inc. lifted its stake in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC bought a new position in Saia in the 1st quarter worth about $40,000. Core Wealth Advisors Inc. purchased a new stake in Saia in the fourth quarter valued at approximately $32,000. Finally, GAMMA Investing LLC purchased a new stake in Saia during the fourth quarter valued at about $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.