Saia, Inc. (NASDAQ:SAIA) EVP Patrick D. Sugar Sells 799 Shares of 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Saia Price Performance

Shares of SAIA opened at $492.55 on Wednesday. The company has a market cap of $13.10 billion, a P/E ratio of 36.46, a PEG ratio of 2.51 and a beta of 1.79. The stock has a fifty day moving average price of $488.73 and a 200 day moving average price of $462.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.33 earnings per share. On average, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock worth $1,149,779,000 after purchasing an additional 25,090 shares in the last quarter. LPL Financial LLC grew its stake in shares of Saia by 22.6% in the fourth quarter. LPL Financial LLC now owns 25,381 shares of the transportation company’s stock worth $11,567,000 after purchasing an additional 4,679 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Saia in the fourth quarter worth $248,000. KLP Kapitalforvaltning AS bought a new position in shares of Saia in the fourth quarter worth $2,461,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Saia by 5.8% in the fourth quarter. TD Private Client Wealth LLC now owns 4,514 shares of the transportation company’s stock worth $2,057,000 after purchasing an additional 249 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SAIA shares. Citigroup dropped their target price on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Raymond James dropped their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus lifted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Saia from $566.00 to $558.00 and set an “overweight” 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 assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

About Saia

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.