Jeffrey C. Ward Sells 2,521 Shares of Saia, Inc. (SAIA) Stock
Saia, Inc. (NASDAQ:SAIA) Director Jeffrey C. Ward sold 2,521 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $52.91, for a total value of $133,386.11. Following the completion of the transaction, the director now owns 9,279 shares of the company’s stock, valued at approximately $490,951.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Saia, Inc. (NASDAQ: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 company has a market cap of $1.36 billion, a PE ratio of 26.10 and a beta of 0.78. The stock’s 50-day moving average is $52.18 and its 200 day moving average is $47.87.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that Saia, Inc. will post $2.21 earnings per share for the current fiscal year.
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SAIA has been the subject of several analyst reports. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, May 17th. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus restated a “hold” rating and issued a $48.00 target price (up previously from $44.00) on shares of Saia in a research note on Monday, July 31st. Finally, Cowen and Company raised their target price on Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note 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 stock currently has a consensus rating of “Buy” and an average price target of $52.33.
Several institutional investors have recently added to or reduced their stakes in SAIA. State of Alaska Department of Revenue raised its position in 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 during the period. Riverhead Capital Management LLC raised its position in Saia by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after buying an additional 1,031 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Saia during the second quarter worth $205,000. Mason Street Advisors LLC raised its position in Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.
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.
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