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

Saia, Inc. (NASDAQ:SAIA) EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on 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 of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Saia Trading Down 3.2 %

NASDAQ SAIA opened at $476.90 on Thursday. Saia, Inc. has a 1-year low of $358.90 and a 1-year 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 stock has a 50-day moving average of $487.42 and a 200-day moving average of $462.77. The firm has a market cap of $12.68 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the firm posted $3.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently modified their holdings of SAIA. Kestra Investment Management LLC bought a new stake in shares of Saia in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc purchased a new position in Saia during the 4th quarter valued at about $36,000. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter valued at about $40,000. Finally, Huntington National Bank increased its holdings in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Raymond James dropped their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Barclays dropped their price objective 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, Bank of America dropped their price objective on Saia from $600.00 to $565.00 and set a “buy” 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.