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

Saia, Inc. (NASDAQ:SAIA) Director John P. Gainor, Jr. bought 500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, 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 is accessible through this link.

Saia Stock Down 1.7 %

NASDAQ SAIA opened at $393.26 on Tuesday. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.46 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. The stock’s 50-day moving average price is $550.41 and its 200-day moving average price is $480.00.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million during 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%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 earnings per share. On average, equities research analysts predict that Saia, Inc. will post 15.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on SAIA shares. Benchmark increased their target price on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Raymond James increased their price objective on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. BMO Capital Markets decreased their target price on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research report on Monday, April 29th. StockNews.com cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $497.22.

Institutional Trading of Saia

Several institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc grew its holdings in Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock valued at $226,000 after buying an additional 21 shares in the last quarter. Allworth Financial LP grew its stake in Saia by 13.3% during the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 26 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Saia by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 29 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after purchasing an additional 30 shares in the last quarter. Finally, Park Place Capital Corp boosted its holdings in shares of Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 32 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.