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

Saia, Inc. (NASDAQ:SAIA - Get Free Report) 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 traded.

Analyst Ratings Changes

SAIA has been the topic of several recent research reports. Bank of America lifted their target price on Saia from $600.00 to $645.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Raymond James lifted their target price on Saia from $565.00 to $604.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. UBS Group lifted their price objective on Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a research report on Monday, February 5th. Stifel Nicolaus lowered Saia from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. Finally, Benchmark lifted their price objective on Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $500.84.

Saia Trading Down 21.0 %

The business has a 50-day moving average of $570.78 and a 200 day moving average of $478.85. The firm has a market capitalization of $11.40 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.71 and a beta of 1.62.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 EPS 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 analyst estimates of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.65 EPS. As a group, research analysts forecast that Saia, Inc. will post 16.13 EPS for the current year.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Odell sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last 90 days. Insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Saia

Several institutional investors have recently bought and sold shares of SAIA. IFP Advisors Inc lifted its stake in Saia by 17.7% in the third quarter. IFP Advisors Inc now owns 399 shares of the transportation company's stock valued at $159,000 after purchasing an additional 60 shares during the last quarter. Oak Thistle LLC purchased a new position in Saia in the third quarter valued at approximately $843,000. Commonwealth Equity Services LLC lifted its stake in Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company's stock valued at $618,000 after purchasing an additional 29 shares during the last quarter. Raymond James & Associates lifted its stake in Saia by 0.7% in the third quarter. Raymond James & Associates now owns 92,450 shares of the transportation company's stock valued at $36,855,000 after purchasing an additional 653 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Saia by 331.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company's stock worth $1,522,000 after acquiring an additional 2,932 shares in 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.