Saia Inc (NASDAQ:SAIA) VP Paul C. Peck sold 2,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $64.41, for a total value of $128,820.00. Following the completion of the sale, the vice president now owns 5,444 shares in the company, valued at $350,648.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SAIA stock opened at $65.41 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.67 billion, a PE ratio of 16.39 and a beta of 1.04. Saia Inc has a 52 week low of $52.04 and a 52 week high of $87.05.
Saia (NASDAQ:SAIA) last announced its earnings results on Monday, February 4th. The transportation company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $396.82 million. Saia had a return on equity of 15.95% and a net margin of 6.35%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts predict that Saia Inc will post 4.63 EPS for the current year.
A number of brokerages have weighed in on SAIA. Raymond James lowered their price target on Saia from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Buckingham Research set a $84.00 price target on Saia and gave the company a “buy” rating in a research report on Tuesday, February 5th. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, December 25th. ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, KeyCorp lowered their price target on Saia from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Saia has an average rating of “Hold” and an average target price of $71.68.
Several hedge funds have recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of Saia by 21.9% during the fourth quarter. Royce & Associates LP now owns 232,684 shares of the transportation company’s stock worth $12,988,000 after purchasing an additional 41,843 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Saia by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock worth $939,000 after purchasing an additional 648 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Saia during the fourth quarter worth $10,185,000. BlackRock Inc. grew its holdings in shares of Saia by 1.0% during the fourth quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock worth $207,161,000 after purchasing an additional 36,547 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its holdings in shares of Saia by 13.0% during the fourth quarter. Virginia Retirement Systems ET AL now owns 7,800 shares of the transportation company’s stock worth $435,000 after purchasing an additional 900 shares during the last quarter.
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Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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