Saia (NASDAQ:SAIA) Sees Strong Trading Volume

Saia, Inc. (NASDAQ:SAIA) saw unusually-high trading volume on Wednesday . Approximately 315,162 shares traded hands during trading, an increase of 13% from the previous session’s volume of 278,976 shares.The stock last traded at $524.36 and had previously closed at $546.28.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Saia in a research report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price target for the company. Susquehanna lifted their price objective on Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. The Goldman Sachs Group lifted their price objective on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets lifted their price objective on Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Finally, Benchmark boosted their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $500.84.

Saia Trading Down 21.0 %

The company has a 50-day simple moving average of $570.78 and a 200 day simple moving average of $478.85. The company has a market cap of $11.40 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.71 and a beta of 1.62.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. During the same quarter in the prior year, the company earned $2.65 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts forecast that Saia, Inc. will post 16.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Donna E. Epps sold 400 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at $894,616.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Donna E. Epps sold 400 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares of the company’s stock, valued at $894,616.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Odell sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the sale, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 in the last three months. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in shares of Saia in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC purchased a new position in shares of Saia in the fourth quarter valued at approximately $26,000. Core Wealth Advisors Inc. purchased a new position in Saia during the fourth quarter worth approximately $32,000. Rise Advisors LLC purchased a new position in Saia during the first quarter worth approximately $40,000. Finally, GAMMA Investing LLC purchased a new position in Saia during the fourth quarter worth approximately $43,000.

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.