1 week Ago By Defense World Staff
Shares of Saia, Inc. (NASDAQ:SAIA – Get Free Report) fell 6.1% during mid-day trading on Friday .
The stock traded as low as $326.15 and last traded at $330.02.
48,911 shares were traded during mid-day trading, a decline of 89% from the average session volume of 449,118 shares. The stock had previously closed at $351.45.
Analyst Ratings ChangesA number of analysts have commented on SAIA shares. Bank of America reduced their target price on Saia from $565.00 to $484.
00 and set a “buy” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Saia from $566.
00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Citigroup lowered their target price on shares of Saia from $498.
00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets upgraded shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.
00 price target for the company in a research note on Monday, April 7th. Finally, Stephens restated an “overweight” rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus price target of $486.
83.Read Our Latest Research Report on SAIASaia Trading Down 6.0 %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’s 50 day moving average price is $396.39 and its 200-day moving average price is $456.60.
The stock has a market capitalization of $8.80 billion, a PE ratio of 24.45, a PEG ratio of 2.
24 and a beta of 1.99. Saia (NASDAQ:SAIA – Get Free Report) last posted its quarterly earnings results on Friday, February 7th.
The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.
03). The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.
69 million. Saia had a net margin of 11.28% and a return on equity of 16.
63%. Saia’s revenue was up 5.0% compared to the same quarter last year.
During the same period in the prior year, the business earned $3.33 earnings per share. On average, sell-side analysts expect that Saia, Inc.
will post 15.46 earnings per share for the current fiscal year. Insider Buying and SellingIn related news, CAO Kelly W.
Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.
00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.
69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J.
Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.
00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34.
This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.
Institutional Inflows and OutflowsA number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Saia by 3.6% during the fourth quarter.
EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 26 shares during the period. Core Wealth Advisors Inc. increased its position in shares of Saia by 3.
9% during the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 26 shares during the last quarter.
Arizona State Retirement System raised its holdings in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock valued at $3,502,000 after buying an additional 29 shares during the period.
Heritage Family Offices LLP lifted its position in Saia by 4.1% in the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock worth $259,000 after buying an additional 29 shares during the last quarter.
Finally, Avantax Advisory Services Inc. boosted its stake in Saia by 4.6% during the fourth quarter.
Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after buying an additional 30 shares during the period. Saia Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than SaiaHow to Buy Cheap Stocks Step by StepRobinhood Strategies Could Be a Game-Changer for Young InvestorsWhat is the NASDAQ Stock Exchange?Are These 3 Retail Stocks Oversold or Really in Trouble?Business Services Stocks InvestingIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
