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

Saia, Inc. (NASDAQ:SAIA)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $480.11, but opened at $532.99. Saia shares last traded at $474.64, with a volume of 177,654 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAIA shares. Wells Fargo & Company lowered their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America cut their target price on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday. The Goldman Sachs Group lifted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Citigroup lowered their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $530.41.

Saia Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $12.74 billion, a P/E ratio of 34.23, a PEG ratio of 2.31 and a beta of 1.79. The firm has a 50 day simple moving average of $495.01 and a two-hundred day simple moving average of $461.63.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts forecast that Saia, Inc. will post 13.47 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc grew its stake in Saia by 3.5% in 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 in the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period. Avior Wealth Management LLC lifted its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after purchasing an additional 37 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in Saia by 6.4% in the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after purchasing an additional 37 shares during the period.

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.