Saia (NASDAQ:SAIA) Reaches New 52-Week Low – Should You Sell?

Saia, Inc. (NASDAQ:SAIA)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $357.83 and last traded at $361.82, with a volume of 49791 shares. The stock had previously closed at $370.19.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several analyst reports. Raymond James decreased their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Susquehanna raised their target price on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Bank of America decreased their target price on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Cowen reissued a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Saia currently has an average rating of “Moderate Buy” and an average target price of $526.39.

Saia Price Performance

The company has a market cap of $9.42 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The business’s 50 day moving average price is $454.51 and its 200-day moving average price is $466.32. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.33 EPS. As a group, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. Crossmark Global Holdings Inc. increased its stake in Saia by 9.0% during the third quarter. Crossmark Global Holdings Inc. now owns 1,879 shares of the transportation company’s stock valued at $822,000 after purchasing an additional 155 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Saia by 11.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,823 shares of the transportation company’s stock valued at $4,732,000 after purchasing an additional 1,101 shares during the last quarter. KBC Group NV increased its stake in Saia by 9.6% during the third quarter. KBC Group NV now owns 740 shares of the transportation company’s stock valued at $324,000 after purchasing an additional 65 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Saia by 24.4% during the third quarter. OneDigital Investment Advisors LLC now owns 1,011 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 198 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 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.