Patrick Sugar Sells 2,706 Shares of Saia (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) EVP Patrick Sugar sold 2,706 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $386.74, for a total value of $1,046,518.44. Following the completion of the sale, the executive vice president owned 9,121 shares in the company, valued at $3,527,455.54. This trade represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Saia Price Performance

Shares of NASDAQ SAIA traded up $3.44 during midday trading on Tuesday, reaching $388.35. 403,168 shares of the company traded hands, compared to its average volume of 580,415. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $507.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64. The stock’s 50-day simple moving average is $354.19 and its 200-day simple moving average is $316.89. The firm has a market cap of $10.35 billion, a PE ratio of 40.79, a PEG ratio of 2.06 and a beta of 2.09.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same period in the prior year, the company posted $2.84 earnings per share. Saia’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on SAIA. UBS Group reiterated a “buy” rating and set a $493.00 target price on shares of Saia in a research report on Wednesday, February 11th. TD Cowen restated a “hold” rating on shares of Saia in a report on Friday, January 9th. Wall Street Zen downgraded shares of Saia from a “hold” rating to a “sell” rating in a report on Sunday. Evercore set a $435.00 price target on shares of Saia in a report on Wednesday, February 11th. Finally, Barclays raised their price objective on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $379.11.

Hedge Funds Weigh In On Saia

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares during the period. Jones Financial Companies Lllp boosted its holdings in Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 672 shares during the period. CWM LLC boosted its stake in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after buying an additional 44 shares during the period. Sequoia Financial Advisors LLC grew its position in Saia by 33.7% during the second quarter. Sequoia Financial Advisors LLC now owns 967 shares of the transportation company’s stock worth $265,000 after buying an additional 244 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in Saia by 69.7% during the 2nd quarter. TD Asset Management Inc now owns 14,776 shares of the transportation company’s stock worth $4,048,000 after acquiring an additional 6,070 shares during the period.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.