Saia (NASDAQ:SAIA) EVP Sells $1,046,518.44 in Stock

Saia, Inc. (NASDAQ:SAIA) EVP Patrick Sugar sold 2,706 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was 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 directly owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. This trade represents a 22.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saia Stock Up 0.6%

Shares of Saia stock opened at $392.67 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.46 billion, a P/E ratio of 41.25, a PEG ratio of 2.09 and a beta of 2.09. The firm’s 50 day moving average price is $357.19 and its 200-day moving average price is $318.59. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $473.14.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.13). The business had revenue of $789.95 million during 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%.Saia’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.84 EPS. On average, sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore set a $435.00 price objective on Saia in a report on Wednesday, February 11th. Stifel Nicolaus increased their price target on shares of Saia from $343.00 to $371.00 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Citigroup raised their price objective on Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Bank of America set a $413.00 target price on Saia and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Saia in a research report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $379.63.

Hedge Funds Weigh In On Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after buying an additional 222,494 shares during the period. Alberta Investment Management Corp purchased a new position in Saia in the fourth quarter valued at about $1,567,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Saia during the 4th quarter valued at about $298,000. Empowered Funds LLC acquired a new position in shares of Saia during the fourth quarter worth $71,000. Finally, SummitTX Capital L.P. boosted its position in Saia by 21.9% in the 4th quarter. SummitTX Capital L.P. now owns 19,821 shares of the transportation company’s stock valued at $6,472,000 after buying an additional 3,561 shares during 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.