Saia (NASDAQ:SAIA) Shares Gap Down to $543.02

Saia, Inc. (NASDAQ:SAIA) shares gapped down before the market opened on Friday . The stock had previously closed at $543.02, but opened at $452.09. Saia shares last traded at $447.94, with a volume of 596,634 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SAIA shares. JPMorgan Chase & Co. started coverage on shares of Saia in a research report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price objective on the stock. Raymond James lifted their price objective on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Susquehanna lifted their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Bank of America lifted their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, UBS Group boosted their target price on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $500.84.

Saia Stock Performance

The firm has a market cap of $11.40 billion, a PE ratio of 32.74, a PEG ratio of 1.71 and a beta of 1.62. The stock has a fifty day moving average price of $570.78 and a 200-day moving average price of $478.85.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. Saia’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 EPS. As a group, equities analysts predict that Saia, Inc. will post 16.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at $3,136,228.25. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock worth $14,966,813 in the last 90 days. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Several institutional investors and hedge funds have recently made changes to their positions in SAIA. Contravisory Investment Management Inc. bought a new position in shares of Saia in the fourth quarter worth $26,000. Pineridge Advisors LLC bought a new position in shares of Saia in the fourth quarter worth $26,000. Rise Advisors LLC bought a new position in shares of Saia in the first quarter worth $40,000. Core Wealth Advisors Inc. bought a new position in shares of Saia in the fourth quarter worth $32,000. Finally, GAMMA Investing LLC bought a new position in shares of Saia in the fourth quarter worth $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.