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 firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Saia Stock Down 0.7 %

Shares of NASDAQ:SAIA traded down $3.44 during trading on Tuesday, hitting $492.55. 211,764 shares of the company’s stock traded hands, compared to its average volume of 381,913. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. 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 cap of $13.10 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79. The company has a 50-day moving average price of $489.84 and a 200-day moving average price of $462.00.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the firm earned $3.33 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock valued at $339,000 after buying an additional 26 shares during the last quarter. Arizona State Retirement System raised its position in Saia by 0.4% in the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock valued at $3,502,000 after buying an additional 29 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 30 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock valued at $309,000 after buying an additional 30 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several recent research reports. BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Raymond James decreased their price target on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock 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 on the stock in a report on Friday, January 17th. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group raised their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.