Patrick Sugar Sells 2,706 Shares of Saia (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) EVP Patrick Sugar sold 2,706 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the sale, the executive vice president owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. The trade was a 22.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Saia Price Performance

Shares of NASDAQ SAIA traded up $3.44 during trading on Tuesday, reaching $388.35. The company had a trading volume of 403,168 shares, compared to its average volume of 580,415. The stock has a market capitalization of $10.35 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 2.06 and a beta of 2.09. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $354.19 and a two-hundred day moving average price of $316.89. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $507.39.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.13). The company had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted $2.84 EPS. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAIA has been the subject of several research reports. Wolfe Research reiterated a “peer perform” rating on shares of Saia in a research note on Thursday, January 8th. Bank of America set a $413.00 target price on shares of Saia and gave the company a “neutral” rating in a report on Tuesday, February 10th. TD Cowen reiterated a “hold” rating on shares of Saia in a report on Friday, January 9th. Stifel Nicolaus raised their price objective on Saia from $343.00 to $371.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Saia currently has a consensus rating of “Hold” and a consensus price target of $379.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after buying an additional 594,674 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Saia by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after acquiring an additional 43,690 shares during the period. Capital International Investors increased its stake in Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after acquiring an additional 11,454 shares during the period. Viking Global Investors LP raised its position in Saia by 67.2% in the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares in the last quarter.

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.