Saia, Inc. (NASDAQ:SAIA) Director John P. Gainor, Jr. Buys 500 Shares

Saia, Inc. (NASDAQ:SAIA) Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Saia Stock Up 3.4 %

SAIA opened at $406.46 on Wednesday. The company has a market capitalization of $10.81 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. The firm has a 50-day simple moving average of $547.13 and a two-hundred day simple moving average of $480.17. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the previous year, the company posted $2.85 earnings per share. Saia’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new position in Saia during the fourth quarter valued at $26,000. Pineridge Advisors LLC purchased a new stake in shares of Saia during the 4th quarter valued at about $26,000. Rise Advisors LLC bought a new position in shares of Saia in the 1st quarter valued at about $40,000. Core Wealth Advisors Inc. purchased a new position in Saia in the fourth quarter worth about $32,000. Finally, GAMMA Investing LLC bought a new stake in Saia during the fourth quarter worth approximately $43,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Bank of America cut 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. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. BMO Capital Markets cut their price objective on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research note on Monday, April 29th. Finally, Susquehanna increased their target price on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $497.22.

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.