Saia (NASDAQ:SAIA) Shares Down 2.6%

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s share price dropped 2.6% on Wednesday . The stock traded as low as $534.87 and last traded at $542.01. Approximately 41,670 shares changed hands during trading, a decline of 85% from the average daily volume of 275,083 shares. The stock had previously closed at $556.27.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. UBS Group raised their price objective on Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Susquehanna raised their price objective on Saia from $500.00 to $625.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. Stifel Nicolaus cut Saia from a "buy" rating to a "hold" rating and raised their price objective for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. assumed coverage on Saia in a report on Monday, March 11th. They set an "overweight" rating and a $676.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Saia has an average rating of "Moderate Buy" and a consensus target price of $500.84.

Saia Stock Performance

The company has a market cap of $14.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.87 and a beta of 1.62. The firm's 50-day moving average price is $574.16 and its 200 day moving average price is $474.02.

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

Insider Activity at Saia

In related 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 shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia 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 transaction, the chief financial officer now owns 5,623 shares of the company's stock, valued at $3,136,228.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its stake in Saia by 5.7% in the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company's stock valued at $226,000 after buying an additional 21 shares in the last quarter. Allworth Financial LP lifted its position in shares of Saia by 13.3% in the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company's stock worth $97,000 after purchasing an additional 26 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company's stock worth $618,000 after purchasing an additional 29 shares in the last quarter. Park Place Capital Corp lifted its position in shares of Saia by 11.1% in the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company's stock worth $140,000 after purchasing an additional 32 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Saia by 1.0% in the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company's stock worth $1,532,000 after purchasing an additional 33 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.