Saia (NASDAQ:SAIA) CAO Kelly Benton Sells 800 Shares

Saia, Inc. (NASDAQ:SAIA) CAO Kelly Benton sold 800 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at $1,228,073. The trade was a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Saia Stock Performance

Shares of Saia stock traded up $3.44 during trading on Tuesday, reaching $388.35. The company’s stock had a trading volume of 403,168 shares, compared to its average volume of 580,415. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $507.39. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $10.35 billion, a PE ratio of 40.79, a P/E/G ratio of 2.06 and a beta of 2.09. The company has a 50-day moving average price of $354.19 and a two-hundred day moving average price of $316.89.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The firm had revenue of $789.95 million during the quarter, compared to analysts’ expectations of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.84 earnings per share. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on SAIA shares. Evercore set a $435.00 price target on shares of Saia in a research report on Wednesday, February 11th. Stephens boosted their price target on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Friday, January 9th. Barclays upped their target price on shares of Saia from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Saia from $343.00 to $371.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Saia has an average rating of “Hold” and an average target price of $379.11.

Institutional Investors Weigh In On Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares in the last quarter. State of Wyoming bought a new stake in shares of Saia in the third quarter worth $30,000. Los Angeles Capital Management LLC acquired a new stake in Saia in the fourth quarter valued at $36,000. Finally, Torren Management LLC bought a new position in Saia during the 4th quarter valued at $40,000.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.