Insider Selling: Saia (NASDAQ:SAIA) CFO Sells 916 Shares of Stock

Saia, Inc. (NASDAQ:SAIA) CFO Matthew Batteh sold 916 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.03, for a total transaction of $356,351.48. Following the sale, the chief financial officer directly owned 4,444 shares of the company’s stock, valued at $1,728,849.32. This represents a 17.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Saia Stock Up 0.9%

Shares of NASDAQ SAIA traded up $3.44 during midday 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. The stock has a 50 day simple moving average of $354.19 and a 200-day simple moving average of $316.89. 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 stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 2.06 and a beta of 2.09. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $507.39.

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

Institutional Trading of Saia

A number of hedge funds have recently added to or reduced their stakes in SAIA. AQR Capital Management LLC boosted its stake in shares of Saia by 52.4% during the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the period. CWM LLC grew its stake in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after purchasing an additional 44 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Saia by 33.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 967 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 244 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Saia by 69.7% during the second quarter. TD Asset Management Inc now owns 14,776 shares of the transportation company’s stock valued at $4,048,000 after purchasing an additional 6,070 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on SAIA. Stifel Nicolaus lifted their target price on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. BMO Capital Markets lifted their price objective on shares of Saia from $350.00 to $415.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 11th. Citigroup lifted their target price on shares of Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Rothschild & Co Redburn set a $262.00 price target on shares of Saia in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $403.00 price objective on shares of Saia in a report on Tuesday, February 10th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Saia has an average rating of “Hold” and a consensus price target of $379.11.

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.