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

Saia, Inc. (NASDAQ:SAIA - Get Free Report) 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 in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Saia Trading Up 1.1 %

Shares of NASDAQ:SAIA traded up $5.34 during trading on Friday, reaching $487.53. The stock had a trading volume of 243,508 shares, compared to its average volume of 391,539. The firm's fifty day moving average is $486.16 and its 200 day moving average is $464.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly 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 return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the previous year, the business posted $3.33 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on SAIA shares. Barclays lowered their target price on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Citigroup dropped their price objective on shares of Saia from $561.00 to $544.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Raymond James dropped their price objective on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut their price objective on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. One equities 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 a consensus rating of "Moderate Buy" and a consensus target price of $535.41.

Institutional Investors Weigh In On Saia

Hedge funds have recently added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new stake in Saia in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 acquiring an additional 38 shares during the period. Atala Financial Inc acquired a new position in shares of Saia during the 4th quarter valued at $36,000. Paladin Wealth LLC acquired a new position in shares of Saia during the 3rd quarter valued at $40,000. Finally, Huntington National Bank lifted its position in shares of 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 acquiring an additional 70 shares during the period.

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.