John P. Gainor, Jr. Buys 500 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA - Get Free Report) Director John P. Gainor, Jr. bought 500 shares of the company's stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saia Price Performance

NASDAQ:SAIA traded down $6.82 on Monday, hitting $393.26. The company had a trading volume of 532,804 shares, compared to its average volume of 341,361. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.26 and a beta of 1.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $550.41 and a two-hundred day moving average of $480.00. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. On average, research analysts anticipate that Saia, Inc. will post 15.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Raymond James increased their price target on shares of Saia from $565.00 to $604.00 and gave the company an "outperform" rating in a report on Monday, April 15th. BMO Capital Markets lowered their price target on shares of Saia from $575.00 to $490.00 and set a "market perform" rating on the stock in a report on Monday, April 29th. UBS Group lowered their price target on shares of Saia from $618.00 to $541.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Bank of America lowered their price target on shares of Saia from $645.00 to $484.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Finally, Stifel Nicolaus lowered shares of Saia from a "buy" rating to a "hold" rating and increased their target price for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $497.22.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in Saia by 26,722.4% in the 4th quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company's stock valued at $13,635,000 after purchasing an additional 30,998 shares during the last quarter. First Hawaiian Bank raised its stake in shares of Saia by 37.6% during the fourth quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company's stock valued at $3,313,000 after acquiring an additional 2,065 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Saia during the fourth quarter valued at $3,287,000. Strs Ohio raised its stake in shares of Saia by 1.6% during the fourth quarter. Strs Ohio now owns 11,347 shares of the transportation company's stock valued at $4,972,000 after acquiring an additional 179 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Saia by 65.9% during the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company's stock valued at $92,759,000 after acquiring an additional 84,046 shares during the last quarter.

About Saia

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.