Insider Selling: Saia, Inc. (NASDAQ:SAIA) Insider Sells 5,925 Shares of Stock
Saia, Inc. (NASDAQ:SAIA) insider Stephanie Maschmeier sold 5,925 shares of Saia stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total value of $315,210.00. Following the sale, the insider now directly owns 9,150 shares of the company’s stock, valued at $486,780. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Saia, Inc. (SAIA) traded up 1.61% during mid-day trading on Friday, hitting $53.80. The stock had a trading volume of 208,950 shares. Saia, Inc. has a 12-month low of $27.96 and a 12-month high of $58.00. The firm has a market cap of $1.36 billion, a PE ratio of 26.10 and a beta of 0.78. The company has a 50-day moving average of $52.18 and a 200-day moving average of $47.87.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. The business had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Analysts expect that Saia, Inc. will post $2.21 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/insider-selling-saia-inc-nasdaqsaia-insider-sells-5925-shares-of-stock/1475476.html.
Institutional investors have recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in shares of Saia by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 8,265 shares of the transportation company’s stock worth $366,000 after buying an additional 40 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Saia by 0.9% in the first quarter. Texas Permanent School Fund now owns 18,419 shares of the transportation company’s stock worth $816,000 after buying an additional 157 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Saia by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the transportation company’s stock worth $461,000 after buying an additional 300 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Saia by 2.3% in the first quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock worth $586,000 after buying an additional 300 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on SAIA shares. Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Cowen and Company lifted their price target on Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Monday, May 1st. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price target (up from $44.00) on shares of Saia in a report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.33.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.