Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton Sells 460 Shares of Stock

Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Saia Stock Performance

Shares of SAIA opened at $453.90 on Friday. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock has a market cap of $12.07 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.35 and a beta of 1.79. The business’s 50 day moving average price is $482.92 and its 200-day moving average price is $465.82. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the firm earned $3.33 earnings per share. Saia’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently added to or reduced their stakes in SAIA. Blue Trust Inc. raised its stake in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares during the last quarter. Raymond James & Associates raised its stake in Saia by 4.6% during the 3rd quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock valued at $44,966,000 after buying an additional 4,548 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Saia by 22.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock valued at $372,000 after buying an additional 155 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its position in shares of Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on SAIA. Citigroup cut their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus raised their price target on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $535.41.

Saia Company Profile

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.