Saia, Inc. (NASDAQ:SAIA) CFO Sells $350,063.00 in Stock

Saia, Inc. (NASDAQ:SAIA) CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Saia Trading Down 10.4 %

Shares of SAIA stock 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 company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock’s fifty day moving average is $480.48 and its two-hundred day moving average is $466.55. The firm has a market capitalization of $10.81 billion, a P/E ratio of 30.10, a PEG ratio of 2.24 and a beta of 1.79.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia in the third quarter valued at approximately $1,408,000. Highview Capital Management LLC DE acquired a new position in Saia during the fourth quarter worth $1,324,000. Legato Capital Management LLC grew its holdings in Saia by 100.6% in the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after buying an additional 785 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after acquiring an additional 2,041 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in shares of Saia by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after acquiring an additional 1,644 shares during the period.

Analysts Set New Price Targets

SAIA has been the subject of several analyst reports. Bank of America decreased their target price on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Susquehanna upped their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Citigroup lowered their target price on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Finally, Cowen reiterated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average price target of $535.41.

About Saia

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.