Saia, Inc. (NASDAQ:SAIA) EVP Sells $394,498.26 in Stock

Saia, Inc. (NASDAQ:SAIA) EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Saia Stock Up 1.1 %

Shares of NASDAQ SAIA opened at $482.19 on Friday. The company’s 50-day simple moving average is $487.42 and its 200-day simple moving average is $462.77. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79. 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 results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. Equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of SAIA. Redhawk Wealth Advisors Inc. lifted its stake in shares of Saia by 4.4% in the third quarter. Redhawk Wealth Advisors Inc. now owns 6,500 shares of the transportation company’s stock worth $2,842,000 after buying an additional 272 shares in the last quarter. Paladin Wealth LLC purchased a new position in shares of Saia in the third quarter worth about $40,000. ZWJ Investment Counsel Inc. lifted its stake in shares of Saia by 9.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 58,226 shares of the transportation company’s stock worth $25,460,000 after buying an additional 5,172 shares in the last quarter. Blue Trust Inc. raised its stake in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the period. Finally, Raymond James & Associates raised its stake in Saia by 4.6% during the third quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after purchasing an additional 4,548 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAIA. TD Cowen increased their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Raymond James dropped their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets raised their price target on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Susquehanna raised their price target on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. One 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $535.41.

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.