Saia, Inc. (NASDAQ:SAIA) CEO Frederick J. Holzgrefe III Sells 7,534 Shares

Saia, Inc. (NASDAQ:SAIA) CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Saia Stock Down 0.7 %

Shares of SAIA stock traded down $3.44 on Tuesday, hitting $492.55. The stock had a trading volume of 211,764 shares, compared to its average volume of 381,913. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 2.51 and a beta of 1.79. The stock’s 50 day moving average is $489.84 and its 200-day moving average is $462.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas bought a new position in Saia during the 3rd quarter valued at $1,408,000. MML Investors Services LLC boosted its stake in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after acquiring an additional 2,041 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its stake in Saia by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock valued at $27,285,000 after acquiring an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Saia during the 3rd quarter valued at $22,979,000. Finally, BNP Paribas Financial Markets boosted its stake in Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 shares during the last quarter.

Analysts Set New Price Targets

SAIA has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Citigroup dropped their price target on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

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.