Saia, Inc. (NASDAQ:SAIA - Get Free Report) Director John P. Gainor, Jr. acquired 500 shares of the company's stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Saia Stock Down 1.7 %
Shares of SAIA opened at $393.26 on Tuesday. The stock has a 50 day moving average price of $550.41 and a 200 day moving average price of $480.00. Saia, Inc. has a one year low of $266.91 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.26 and a beta of 1.71.
Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to analysts' expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 EPS. Equities research analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.
Institutional Trading of Saia
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A number of hedge funds have recently bought and sold shares of SAIA. Capital Research Global Investors grew its position in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company's stock valued at $403,275,000 after purchasing an additional 519,819 shares in the last quarter. Norges Bank purchased a new stake in Saia in the 4th quarter valued at $201,117,000. Artisan Partners Limited Partnership grew its holdings in Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company's stock valued at $319,755,000 after buying an additional 325,031 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company's stock worth $290,655,000 after acquiring an additional 230,058 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Saia by 65.9% during the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company's stock worth $92,759,000 after acquiring an additional 84,046 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on SAIA. UBS Group decreased their target price on shares of Saia from $618.00 to $541.00 and set a "buy" rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. decreased their price objective on Saia from $676.00 to $580.00 and set an "overweight" rating for the company in a report on Monday, April 29th. BMO Capital Markets dropped their target price on Saia from $575.00 to $490.00 and set a "market perform" rating on the stock in a report on Monday, April 29th. Bank of America decreased their price target on Saia from $645.00 to $484.00 and set a "buy" rating for the company in a report on Monday, April 29th. Finally, Benchmark raised their price objective on shares of Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $497.22.
Read Our Latest Analysis on SAIA
About Saia
(
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.
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