Saia (NASDAQ:SAIA) Trading Down 11.2% – Time to Sell?

Saia, Inc. (NASDAQ:SAIA)’s stock price dropped 11.2% on Thursday . The stock traded as low as $359.06 and last traded at $350.3480. Approximately 282,348 shares traded hands during trading, a decline of 42% from the average daily volume of 484,620 shares. The stock had previously closed at $394.44.

Saia News Summary

Here are the key news stories impacting Saia this week:

• Positive Sentiment: Saia reported a solid Q2 2026: diluted EPS rose 31.5% year over year to $3.51, exceeding consensus estimates, while revenue increased 17.1% to a record $956.5 million. Operating income climbed 26% to $125.2 million, and the operating ratio improved to 86.9%. LTL tonnage and shipments per workday increased 8.4% and 4.4%, respectively. Saia Reports Second Quarter Results
• Positive Sentiment: JPMorgan raised its Saia price target to $498 from $490 and maintained an “overweight” rating, signaling confidence in the company’s long-term growth and execution. JPMorgan price target update
• Positive Sentiment: Stifel upgraded SAIA from “hold” to “buy” and assigned a $438 price target, adding to the bullish analyst commentary. Stifel upgrade
• Neutral Sentiment: Stephens lowered its target to $490 from $520 but retained an “overweight” rating. The target remains well above the stock’s recent trading level, although the reduction reflects more cautious expectations.
• Negative Sentiment: Management indicated that Q3’s operating ratio could deteriorate by approximately 100 basis points sequentially. Investors are concerned about a July wage increase, higher diesel, purchased transportation, insurance and workers’ compensation costs, as well as softer shipment growth following a 7.1% general rate increase. Saia Q3 margin outlook
• Negative Sentiment: Wells Fargo cut its price target sharply to $400 from $490 and shifted to an “equal weight” rating, reinforcing concerns about the company’s near-term margin and cost outlook. Wells Fargo price target update
• Negative Sentiment: Reported insider activity shows nine open-market sales and no purchases over the past six months, including sales by senior executives. While not necessarily company-specific, the pattern may add to investor caution.

Analysts Set New Price Targets

Several analysts recently commented on SAIA shares. Morgan Stanley dropped their price target on shares of Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research report on Friday. Bank of America raised shares of Saia from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $499.00 to $502.00 in a report on Monday, July 13th. Citigroup upgraded shares of Saia from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $524.00 to $488.00 in a research report on Thursday, July 9th. BMO Capital Markets increased their target price on shares of Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.28.

Saia Stock Down 0.9%

The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 1.64 and a beta of 2.13. The business’s 50-day moving average is $437.65 and its two-hundred day moving average is $405.81. The company has a quick ratio of 1.52, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the prior year, the company earned $2.67 EPS. Saia’s revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 11.46 EPS for the current year.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its stake in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Saia in the 4th quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Saia in the 4th quarter worth $40,000. Larson Financial Group LLC increased its stake in shares of Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after acquiring an additional 129 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Saia by 46.9% during the 4th quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after acquiring an additional 46 shares during the period.

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.