Saia (NASDAQ:SAIA) Shares Down 2.9% on Disappointing Earnings

Shares of Saia, Inc. (NASDAQ:SAIA) traded down 2.9% during trading on Monday following a dissappointing earnings announcement. The company traded as low as $415.12 and last traded at $416.41. 145,897 shares traded hands during trading, a decline of 53% from the average session volume of 311,476 shares. The stock had previously closed at $428.81.

The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the prior year, the company posted $2.85 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis.

Analysts Set New Price Targets

SAIA has been the topic of several analyst reports. Susquehanna increased their price target on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. BMO Capital Markets lowered their price target on Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a report on Monday. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, Raymond James increased their price target on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Saia has an average rating of “Hold” and an average price target of $481.50.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the sale, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock valued at $14,966,813 over the last ninety days. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Institutional investors and hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Saia in the 4th quarter valued at $26,000. Pineridge Advisors LLC acquired a new stake in shares of Saia in the 4th quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of Saia in the 1st quarter valued at $40,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia in the 4th quarter valued at $32,000. Finally, GAMMA Investing LLC bought a new position in shares of Saia in the fourth quarter valued at about $43,000.

Saia Price Performance

The stock has a fifty day moving average of $563.39 and a 200-day moving average of $479.90. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $10.55 billion, a P/E ratio of 28.76, a PEG ratio of 1.39 and a beta of 1.62.

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.