Key Points
- Insider sale: Saia VP Raymond Ramu sold 1,000 shares on Nov. 18 at $266.57 for $266,570, reducing his stake by 16.94% to 4,902 shares, as disclosed in an SEC filing.
- The company beat Q3 estimates with $2.81 EPS (vs. $2.53) and $839.6M revenue (vs. $824.1M) though revenue was essentially flat year‑over‑year, and the stock trades well below its 12‑month high (current market cap ~$6.9B, PE ~23.8).
- Analyst/institutional backdrop: MarketBeat shows an average rating of "Moderate Buy" with a $337.67 average price target, while large funds like Viking, Invesco and AllianceBernstein have recently built significant positions.
Saia, Inc. (NASDAQ:SAIA - Get Free Report) VP Raymond Ramu sold 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares of the company's stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Saia Price Performance
SAIA traded up $7.29 on Friday, reaching $257.77. 55,597 shares of the company's stock were exchanged, compared to its average volume of 612,209. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $587.86. The stock has a market cap of $6.87 billion, a PE ratio of 23.80, a P/E/G ratio of 12.90 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The stock's fifty day moving average price is $293.85 and its 200-day moving average price is $288.72.
Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business's revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $3.46 EPS. Sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Zacks Research raised Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Evercore ISI reduced their price target on Saia from $328.00 to $319.00 and set an "outperform" rating on the stock in a report on Friday, October 31st. Benchmark reissued a "buy" rating and issued a $360.00 price objective on shares of Saia in a report on Thursday, September 25th. JPMorgan Chase & Co. dropped their price target on shares of Saia from $360.00 to $346.00 and set an "overweight" rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Saia in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Saia has an average rating of "Moderate Buy" and an average price target of $337.67.
Read Our Latest Stock Report on Saia
Institutional Trading of Saia
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Viking Global Investors LP purchased a new position in shares of Saia during the second quarter worth $226,770,000. Invesco Ltd. raised its holdings in shares of Saia by 1,300.4% in the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company's stock valued at $209,976,000 after buying an additional 651,332 shares during the period. Alliancebernstein L.P. lifted its stake in Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company's stock worth $680,564,000 after acquiring an additional 594,674 shares in the last quarter. Norges Bank purchased a new position in Saia during the 2nd quarter valued at about $103,599,000. Finally, First Trust Advisors LP grew its position in Saia by 141.3% in the 3rd quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company's stock valued at $166,782,000 after acquiring an additional 326,206 shares in the last quarter.
About Saia
(
Get Free Report)
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.
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