Saia (NASDAQ:SAIA) Shares Gap Down – Time to Sell?

Saia, Inc. (NASDAQ:SAIA)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $479.30, but opened at $440.00. Saia shares last traded at $463.9880, with a volume of 108,870 shares trading hands.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Susquehanna upped their price objective on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their target price on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday, June 5th. Evercore set a $476.00 price target on Saia in a research report on Friday, May 1st. Finally, TD Cowen lifted their price objective on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $453.56.

Saia Stock Performance

The company’s 50-day moving average price is $438.59 and its 200 day moving average price is $381.75. The stock has a market capitalization of $12.99 billion, a PE ratio of 51.17, a PEG ratio of 2.21 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same period in the prior year, the firm earned $1.86 earnings per share. Saia’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in shares of Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after buying an additional 43,690 shares during the period. Capital International Investors lifted its position in Saia by 0.8% during the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after buying an additional 11,454 shares during the period. Viking Global Investors LP grew its position in shares of Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Saia by 31.7% in the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after acquiring an additional 222,494 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.