Saia Inc (SAIA) VP Paul C. Peck Sells 2,000 Shares

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.

ILLEGAL ACTIVITY WARNING: “Saia Inc (SAIA) VP Paul C. Peck Sells 2,000 Shares” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2019/02/12/saia-inc-saia-vp-paul-c-peck-sells-2000-shares.html.

About Saia

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply