Saia (NASDAQ:SAIA) Hits New 1-Year Low - Here's Why

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $343.61 and last traded at $350.65, with a volume of 650793 shares changing hands. The stock had previously closed at $349.29.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Susquehanna boosted their price objective on shares of Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. TD Cowen boosted their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Finally, Stephens reissued an "overweight" rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $526.39.

Saia Trading Up 3.0 %

The company has a market cap of $9.66 billion, a P/E ratio of 26.86, a PEG ratio of 2.24 and a beta of 1.89. The stock's 50 day moving average is $442.22 and its 200-day moving average is $465.96. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

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Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. 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 during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.33 EPS. Research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 in the last quarter. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently bought and sold shares of SAIA. Vanguard Group Inc. lifted its stake in shares of Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock worth $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. State Street Corp lifted its stake in shares of Saia by 3.1% in the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after purchasing an additional 24,351 shares during the period. Wasatch Advisors LP lifted its stake in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after purchasing an additional 6,456 shares during the period.

About Saia

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.