Saia (NASDAQ:SAIA) Reaches New 12-Month Low – Should You Sell?

Saia, Inc. (NASDAQ:SAIA)’s share price reached a new 52-week low 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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SAIA shares. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research report on Monday, February 24th. Citigroup cut their target price on Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Jefferies Financial Group upped their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 price objective on the stock. Finally, Cowen reiterated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $526.39.

Saia Stock Performance

The stock has a market cap of $9.66 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a fifty day moving average price of $442.22 and a 200 day moving average price of $465.36.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period last year, the company earned $3.33 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its holdings 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 valued at $337,000 after purchasing an additional 26 shares during the period. Pathstone Holdings LLC increased its stake in shares of Saia by 3.8% during the 3rd quarter. Pathstone Holdings LLC now owns 9,390 shares of the transportation company’s stock worth $4,106,000 after purchasing an additional 345 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Saia by 12.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,540 shares of the transportation company’s stock worth $1,548,000 after purchasing an additional 386 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Saia by 6.0% during the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 64 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Saia by 19.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 24,896 shares of the transportation company’s stock worth $10,886,000 after purchasing an additional 4,135 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.