Patrick D. Sugar Sells 799 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

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

Saia Stock Performance

Shares of SAIA opened at $476.90 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.51 and a beta of 1.79. The stock has a 50 day moving average of $487.42 and a 200 day moving average of $462.77. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the prior year, the business earned $3.33 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAIA. Citigroup lowered their target price on Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Barclays decreased their price target on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Raymond James decreased their price target on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $535.41.

Institutional Trading of Saia

A number of large investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. grew its position 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 valued at $2,842,000 after purchasing an additional 272 shares in the last quarter. Paladin Wealth LLC purchased a new position in shares of Saia in the third quarter valued at $40,000. ZWJ Investment Counsel Inc. grew its position 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 valued at $25,460,000 after purchasing an additional 5,172 shares in the last quarter. Blue Trust Inc. grew its position in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Saia by 4.6% in the third quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock valued at $44,966,000 after purchasing an additional 4,548 shares in 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.