Saia, Inc. (NASDAQ:SAIA) Director Buys $203,500.00 in Stock

Saia, Inc. (NASDAQ:SAIA) Director John P. Gainor, Jr. purchased 500 shares of Saia stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Saia Price Performance

SAIA stock opened at $413.31 on Thursday. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. 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. The stock’s fifty day simple moving average is $544.15 and its 200-day simple moving average is $479.70.

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

Wall Street Analyst Weigh In

SAIA has been the subject of several research analyst reports. StockNews.com cut Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Benchmark raised their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Raymond James boosted their price objective on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. TD Cowen dropped their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $497.22.

Institutional Investors Weigh In On Saia

Hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. purchased a new position in Saia during the first quarter worth approximately $237,000. Bleakley Financial Group LLC raised its position in shares of Saia by 7.0% in the 1st quarter. Bleakley Financial Group LLC now owns 707 shares of the transportation company’s stock worth $414,000 after buying an additional 46 shares during the period. Qsemble Capital Management LP purchased a new position in shares of Saia in the 1st quarter worth $503,000. Atomi Financial Group Inc. acquired a new position in Saia in the first quarter valued at $206,000. Finally, Lisanti Capital Growth LLC grew its position in Saia by 70.7% during the first quarter. Lisanti Capital Growth LLC now owns 8,260 shares of the transportation company’s stock valued at $4,832,000 after acquiring an additional 3,420 shares during the period.

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.