Saia (NASDAQ:SAIA) Shares Gap Down – Should You Sell?

Shares of Saia, Inc. (NASDAQ:SAIA) gapped down before the market opened on Wednesday . The stock had previously closed at $479.30, but opened at $440.00. Saia shares last traded at $463.9880, with a volume of 108,870 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAIA shares. Citigroup upped their price objective on shares of Saia from $428.00 to $516.00 and gave the company a “buy” rating in a report on Monday, May 4th. Bank of America upped their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Morgan Stanley restated an “underweight” rating and set a $265.00 price objective on shares of Saia in a report on Friday, May 1st. Finally, Stephens upped their price objective on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $453.56.

Saia Stock Down 3.6%

The company has a market capitalization of $12.33 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.29 and a beta of 2.10. The business’s 50-day simple moving average is $433.32 and its 200-day simple moving average is $378.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. As a group, equities research analysts anticipate that Saia, Inc. will post 11.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently made changes to their positions in SAIA. AQR Capital Management LLC grew its stake in shares of Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after purchasing an additional 672 shares during the period. California Public Employees Retirement System grew its stake in shares of Saia by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Saia during the 2nd quarter worth approximately $11,599,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in Saia in the 2nd quarter valued at $13,943,000.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.