Saia (NASDAQ:SAIA) Shares Gap Down – Time to Sell?

Saia, Inc. (NASDAQ:SAIA) shares gapped down prior to trading 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 traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SAIA shares. Bank of America upped their target price on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Susquehanna boosted their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Stephens raised their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $506.00.

Saia Stock Down 1.8 %

The business’s 50-day moving average is $486.83 and its 200-day moving average is $447.06. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 39.18, a P/E/G ratio of 3.08 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.67 EPS. As a group, equities analysts predict that Saia, Inc. will post 13.54 earnings per share for the current year.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in Saia by 161.5% in 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. Paladin Wealth LLC acquired a new stake in shares of Saia in the third quarter worth approximately $40,000. Quarry LP purchased a new stake in shares of Saia during the second quarter worth approximately $41,000. International Assets Investment Management LLC purchased a new stake in shares of Saia during the second quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 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.