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

Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Saia Price Performance

Shares of NASDAQ SAIA opened at $406.65 on Friday. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm’s 50-day simple moving average is $480.48 and its 200 day simple moving average is $466.55.

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

Hedge Funds Weigh In On Saia

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Saia by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock worth $1,149,779,000 after buying an additional 25,090 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. State Street Corp lifted its stake in Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP grew its holdings in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after purchasing an additional 64,351 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SAIA. Bank of America lowered their price target on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their target price on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

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.