Patrick D. Sugar Sells 980 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Posted by Defense World Staff on Mar 10th, 2023

Saia, Inc. (NASDAQ:SAIA – Get Rating) EVP Patrick D. Sugar sold 980 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $293.53, for a total transaction of $287,659.40. Following the completion of the sale, the executive vice president now owns 8,869 shares of the company’s stock, valued at approximately $2,603,317.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Saia Stock Performance

NASDAQ:SAIA opened at $280.66 on Friday. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 4.26 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $262.47 and its two-hundred day simple moving average is $230.19. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $306.40.

Saia (NASDAQ:SAIA – Get Rating) last announced its quarterly earnings data on Friday, February 3rd. The transportation company reported $2.65 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.15). Saia had a net margin of 12.80% and a return on equity of 24.73%. The business had revenue of $655.70 million during the quarter, compared to the consensus estimate of $652.12 million. During the same period last year, the company earned $2.76 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 12.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SAIA shares. Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $188.00 to $230.00 in a report on Monday, February 13th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Bank of America raised their price target on shares of Saia from $227.00 to $271.00 in a research note on Sunday, February 5th. StockNews.com downgraded shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Finally, Raymond James boosted their price target on shares of Saia from $260.00 to $318.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $286.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAIA. Price T Rowe Associates Inc. MD increased its holdings in shares of Saia by 157.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,500,405 shares of the transportation company’s stock valued at $658,076,000 after purchasing an additional 2,140,625 shares during the period. Artisan Partners Limited Partnership purchased a new position in Saia during the fourth quarter worth approximately $57,655,000. Goldman Sachs Group Inc. boosted its position in Saia by 49.6% during the first quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock worth $173,648,000 after purchasing an additional 236,105 shares in the last quarter. Victory Capital Management Inc. boosted its position in Saia by 149.0% during the fourth quarter. Victory Capital Management Inc. now owns 365,633 shares of the transportation company’s stock worth $76,666,000 after purchasing an additional 218,782 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Saia by 528.4% during the fourth quarter. Voya Investment Management LLC now owns 219,317 shares of the transportation company’s stock worth $45,986,000 after purchasing an additional 184,418 shares in the last quarter.

Saia Company Profile

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Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.

Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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