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 trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SAIA shares. Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. TD Cowen boosted their price objective on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Stephens boosted their price objective on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $450.00 price objective on shares of Saia in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $453.56.

Saia Price Performance

The stock 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 company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $433.32 and its 200-day moving average price is $378.73.

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

Institutional Trading of Saia

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its stake in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares during the period. State of Wyoming purchased a new stake in Saia in the third quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new stake in Saia in the fourth quarter worth about $36,000. Torren Management LLC purchased a new stake in shares of Saia during the fourth quarter valued at about $40,000. Finally, Allworth Financial LP lifted its position in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the last quarter.

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.