Raymond R. Ramu Sells 7,293 Shares of Saia, Inc. (SAIA) Stock
Saia, Inc. (NASDAQ:SAIA) VP Raymond R. Ramu sold 7,293 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $474,045.00. Following the completion of the sale, the vice president now directly owns 20,996 shares of the company’s stock, valued at $1,364,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Saia, Inc. (SAIA) opened at $64.90 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1,654.30, a PE ratio of 31.35 and a beta of 0.93.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. research analysts expect that Saia, Inc. will post 2.16 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new position in shares of Saia during the second quarter worth about $1,924,000. Virginia Retirement Systems ET AL increased its stake in shares of Saia by 242.7% during the second quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after acquiring an additional 18,200 shares during the period. Turner Investments LLC acquired a new position in shares of Saia during the second quarter worth about $359,000. American Century Companies Inc. increased its stake in shares of Saia by 8.8% during the second quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock worth $6,471,000 after acquiring an additional 10,180 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Saia by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after acquiring an additional 78,252 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.
A number of equities research analysts have recently commented on SAIA shares. Cowen and Company reaffirmed a “hold” rating and issued a $55.00 target price on shares of Saia in a report on Friday, September 8th. Wolfe Research cut shares of Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Morgan Stanley upped their target price on shares of Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price on shares of Saia in a report on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.33.
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.
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