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.

TRADEMARK VIOLATION WARNING: “Jeffrey C. Ward Sells 2,521 Shares of Saia, Inc. (SAIA) Stock” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/jeffrey-c-ward-sells-2521-shares-of-saia-inc-saia-stock/1475635.html.

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.

Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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.