Insider Selling: Saia, Inc. (NASDAQ:SAIA) CAO Sells 460 Shares of Stock

Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Saia Trading Down 4.7 %

Shares of SAIA traded down $22.50 during mid-day trading on Thursday, reaching $453.90. 365,776 shares of the company’s stock traded hands, compared to its average volume of 371,892. The stock has a market cap of $12.07 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.49 and a beta of 1.79. The stock’s 50-day moving average is $484.32 and its two-hundred day moving average is $465.90. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. 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 released 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 for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.33 EPS. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SAIA shares. Barclays lowered their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stephens restated an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. BMO Capital Markets boosted their price objective 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 boosted their price objective on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America decreased their target price on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.