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

Saia, Inc. (NASDAQ:SAIA) gapped up before the market opened 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 traded.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Citigroup decreased their price target on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research note on Wednesday, October 9th. Bank of America decreased their target price on shares of Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Stephens boosted their target price on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One investment 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 MarketBeat, Saia currently has an average rating of “Moderate Buy” and a consensus target price of $527.65.

Saia Stock Up 0.0 %

The firm has a market cap of $12.77 billion, a PE ratio of 34.44, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $498.48 and a two-hundred day moving average price of $461.75.

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

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

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