Saia (NASDAQ:SAIA) VP Sells $266,570.00 in Stock

Saia, Inc. (NASDAQ:SAIA) VP Raymond Ramu sold 1,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the transaction, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. The trade was a 16.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Saia Stock Down 1.1%

SAIA traded down $2.77 during trading on Thursday, reaching $250.48. 306,842 shares of the stock were exchanged, compared to its average volume of 614,863. The stock has a market cap of $6.67 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 12.90 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s 50 day moving average price is $295.16 and its two-hundred day moving average price is $288.99. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $587.86.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same period in the previous year, the company posted $3.46 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lifted their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Barclays upped their price target on Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. lowered their target price on shares of Saia from $360.00 to $346.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus lowered their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, October 28th. Finally, Wells Fargo & Company decreased their target price on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $337.67.

Hedge Funds Weigh In On Saia

Hedge funds have recently bought and sold shares of the company. Inspire Investing LLC purchased a new position in Saia during the first quarter worth approximately $303,000. Blueshift Asset Management LLC purchased a new position in shares of Saia during the 1st quarter worth $483,000. New Age Alpha Advisors LLC purchased a new position in shares of Saia during the 1st quarter worth $1,882,000. Intech Investment Management LLC grew its stake in shares of Saia by 473.6% in the 1st quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock valued at $4,105,000 after buying an additional 9,699 shares during the period. Finally, Polen Capital Management LLC purchased a new position in Saia in the first quarter worth approximately $861,000.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.