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

Saia, Inc. (NASDAQ:SAIA) 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.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Bank of America lowered their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Citigroup decreased their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. One equities research analyst has 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $527.65.

Saia Trading Up 0.0 %

The company has a market cap of $12.77 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.31 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $498.48 and its two-hundred day simple moving average is $461.75.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Monday, February 3rd. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.33 EPS. On average, equities analysts predict that Saia, Inc. will post 13.47 EPS for the current year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Several hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC increased its holdings in Saia by 280.0% in the fourth quarter. Wolverine Asset Management LLC now owns 3,800 shares of the transportation company’s stock valued at $1,732,000 after buying an additional 2,800 shares in the last quarter. Flossbach Von Storch SE increased its stake in Saia by 7.3% in the 4th quarter. Flossbach Von Storch SE now owns 21,921 shares of the transportation company’s stock valued at $9,990,000 after purchasing an additional 1,484 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Saia by 2.8% during the fourth quarter. Handelsbanken Fonder AB now owns 7,258 shares of the transportation company’s stock worth $3,308,000 after purchasing an additional 200 shares during the last quarter. Global Retirement Partners LLC boosted its position in Saia by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 671 shares of the transportation company’s stock worth $306,000 after purchasing an additional 43 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Saia in the fourth quarter valued at $25,000.

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.