Saia (NASDAQ:SAIA) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Saia, Inc. (NASDAQ:SAIA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $459.74 and traded as high as $480.72. Saia shares last traded at $471.30, with a volume of 422,101 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SAIA. Benchmark reissued a “buy” rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. Citigroup decreased their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and reduced their price objective for the company from $440.00 to $437.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $514.88.

Saia Stock Performance

The business has a fifty day moving average of $514.56 and a 200 day moving average of $459.74. The company has a market cap of $12.53 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.96 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the business posted $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Saia, Inc. will post 13.51 EPS for the current year.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC bought a new stake in Saia during the third quarter worth about $40,000. Quarry LP bought a new stake in shares of Saia in the 2nd quarter worth approximately $41,000. Tobam purchased a new stake in shares of Saia in the 3rd quarter worth approximately $100,000. Blue Trust Inc. increased its position in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after buying an additional 219 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.