Saia, Inc. (NASDAQ:SAIA) CAO Sells $230,000.00 in Stock

Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Saia Trading Down 10.4 %

Saia stock opened at $406.65 on Friday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The business’s fifty day moving average is $480.48 and its 200 day moving average is $466.02. The stock has a market capitalization of $10.81 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 2.35 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the business earned $3.33 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SAIA shares. Raymond James decreased their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Barclays cut their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Institutional Investors Weigh In On Saia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in shares of Saia in the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Saia during the 4th quarter valued at about $36,000. Huntington National Bank increased its position in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares during the period.

Saia Company Profile

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.