Saia (NASDAQ:SAIA) Shares Up 5.6% - What's Next?

Saia, Inc. (NASDAQ:SAIA - Get Free Report)'s share price rose 5.6% during mid-day trading on Thursday . The company traded as high as $538.03 and last traded at $531.40. Approximately 49,652 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 372,298 shares. The stock had previously closed at $503.01.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of research analyst reports. Citigroup reduced their price target on Saia from $561.00 to $544.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Stephens reiterated an "overweight" rating and set a $600.00 price target on shares of Saia in a research report on Thursday. TD Cowen raised their target price on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Barclays decreased their price target on shares of Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Susquehanna boosted their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and an average price target of $535.41.

Saia Stock Performance

The business's fifty day moving average price is $491.07 and its 200-day moving average price is $461.95. The stock has a market cap of $13.19 billion, a PE ratio of 36.71, a P/E/G ratio of 2.51 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.33 EPS. As a group, equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of SAIA. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Arizona State Retirement System lifted its position in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock valued at $3,502,000 after purchasing an additional 29 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after acquiring an additional 30 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after purchasing an additional 30 shares during the last quarter.

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.