Saia (NASDAQ:SAIA) Sets New 12-Month Low - Here's Why

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $357.83 and last traded at $361.82, with a volume of 49791 shares traded. The stock had previously closed at $370.19.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 price target for the company. Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. TD Cowen lifted their target price on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and an average price target of $526.39.

Saia Stock Up 1.4 %

The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $450.03 and a two-hundred day simple moving average of $467.25. The firm has a market cap of $9.55 billion, a PE ratio of 26.55, a P/E/G ratio of 2.24 and a beta of 1.89.

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Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share 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 net margin of 11.28% and a return on equity of 16.63%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. Analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Saia

A number of institutional investors have recently made changes to their positions in SAIA. CIBC Asset Management Inc raised its holdings in Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock valued at $337,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after acquiring an additional 26 shares during the period. Core Wealth Advisors Inc. raised its stake in shares of Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after acquiring an additional 26 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after purchasing an additional 29 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in shares of Saia by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after purchasing an additional 30 shares during 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.