Saia (NASDAQ:SAIA) Shares Down 4.4%

Saia, Inc. (NASDAQ:SAIA - Get Free Report) shares were down 4.4% during trading on Tuesday . The company traded as low as $373.35 and last traded at $375.20. Approximately 29,258 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 392,741 shares. The stock had previously closed at $392.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAIA shares. JPMorgan Chase & Co. cut their price target on Saia from $676.00 to $580.00 and set an "overweight" rating on the stock in a research note on Monday, April 29th. Bank of America increased their price objective on shares of Saia from $501.00 to $555.00 and gave the company a "buy" rating in a report on Monday, July 22nd. StockNews.com cut shares of Saia from a "hold" rating to a "sell" rating in a research report on Monday, April 29th. Susquehanna reduced their price target on Saia from $610.00 to $550.00 and set a "positive" rating on the stock in a research report on Wednesday, June 12th. Finally, UBS Group dropped their price objective on Saia from $618.00 to $541.00 and set a "buy" rating for the company in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $488.87.

Saia Stock Down 4.5 %

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $432.07 and its 200-day moving average price is $480.06. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.89 and a beta of 1.72.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. On average, sell-side analysts predict that Saia, Inc. will post 13.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Several institutional investors have recently made changes to their positions in SAIA. Pineridge Advisors LLC acquired a new position in Saia during the fourth quarter valued at approximately $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia in the 4th quarter valued at approximately $32,000. Blue Trust Inc. grew its holdings in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Rise Advisors LLC acquired a new position in Saia during the 1st quarter worth approximately $40,000. Finally, Quarry LP acquired a new stake in shares of Saia during the 2nd quarter valued at $41,000.

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.