Key Points
- Director Donna Epps purchased 422 shares of Saia (NASDAQ:SAIA) on November 26 at an average price of $277.60, a $117,147.20 transaction that raised her holding to 1,852 shares (a 29.51% increase).
- Saia reported quarterly EPS of $2.81 beating estimates of $2.53 with revenue of $839.6 million (down 0.3% year‑over‑year), and the stock recently traded near $293 with a market cap around $7.8 billion.
- Several large institutional investors have added or increased positions in SAIA, and analysts surveyed by MarketBeat show a consensus of Moderate Buy with an average target price of $330.10.
Saia, Inc. (NASDAQ:SAIA - Get Free Report) Director Donna Epps purchased 422 shares of the company's stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the completion of the transaction, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Saia Price Performance
Shares of NASDAQ:SAIA opened at $293.15 on Tuesday. The firm has a market capitalization of $7.81 billion, a PE ratio of 27.07, a PEG ratio of 12.90 and a beta of 2.07. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $289.07 and its 200-day moving average is $289.34. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $581.12.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analysts' expectations of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $3.46 earnings per share. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.
Institutional Investors Weigh In On Saia
Several hedge funds have recently bought and sold shares of SAIA. Viking Global Investors LP acquired a new position in shares of Saia in the 2nd quarter valued at $226,770,000. Invesco Ltd. grew its stake in Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company's stock valued at $209,976,000 after acquiring an additional 651,332 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Saia by 35.4% in the third 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 acquired a new stake in shares of Saia during the second quarter worth about $103,599,000. Finally, First Trust Advisors LP lifted its holdings in shares of Saia by 141.3% during the 3rd quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company's stock valued at $166,782,000 after purchasing an additional 326,206 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on SAIA shares. Evercore ISI lowered their price target on Saia from $328.00 to $319.00 and set an "outperform" rating on the stock in a research report on Friday, October 31st. UBS Group increased their target price on shares of Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Rothschild & Co Redburn started coverage on shares of Saia in a research report on Wednesday, November 26th. They issued a "neutral" rating and a $262.00 price target on the stock. Raymond James Financial dropped their price objective on shares of Saia from $360.00 to $355.00 and set an "outperform" rating for the company in a report on Tuesday, October 14th. Finally, Susquehanna set a $350.00 target price on shares of Saia in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and an average target price of $330.10.
View Our Latest Analysis on Saia
Saia Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
