Saia Inc (NASDAQ:SAIA) CEO Richard D. Odell sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $64.60, for a total value of $969,000.00. Following the completion of the sale, the chief executive officer now directly owns 20,502 shares of the company’s stock, valued at $1,324,429.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:SAIA traded up $0.30 during mid-day trading on Monday, hitting $65.41. 324,100 shares of the stock were exchanged, compared to its average volume of 266,554. The stock has a market cap of $1.67 billion, a P/E ratio of 16.39 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. Saia Inc has a fifty-two week low of $52.04 and a fifty-two week high of $87.05.
Saia (NASDAQ:SAIA) last released its quarterly earnings results on Monday, February 4th. The transportation company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.09. The business had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $396.82 million. Saia had a return on equity of 15.95% and a net margin of 6.35%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. As a group, sell-side analysts forecast that Saia Inc will post 4.63 EPS for the current year.
A number of institutional investors have recently bought and sold shares of SAIA. Vanguard Group Inc increased its stake in Saia by 29.8% during the 3rd quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after acquiring an additional 592,115 shares during the period. Vanguard Group Inc. increased its stake in Saia by 29.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock worth $197,065,000 after acquiring an additional 592,115 shares during the period. Alliancebernstein L.P. increased its stake in Saia by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,231,032 shares of the transportation company’s stock worth $94,112,000 after acquiring an additional 254,610 shares during the period. Hodges Capital Management Inc. bought a new position in Saia during the 4th quarter worth $10,185,000. Finally, Wells Fargo & Company MN increased its stake in Saia by 22.6% during the 3rd quarter. Wells Fargo & Company MN now owns 837,939 shares of the transportation company’s stock worth $64,060,000 after acquiring an additional 154,668 shares during the period.
SAIA has been the subject of a number of recent analyst reports. Morgan Stanley set a $57.00 price objective on Saia and gave the company a “sell” rating in a research report on Monday, October 22nd. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Cowen reissued a “market perform” rating and set a $75.00 price target (down from $84.00) on shares of Saia in a report on Thursday, November 1st. Raymond James dropped their price target on Saia from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, Stifel Nicolaus set a $73.00 price target on Saia and gave the stock a “hold” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Saia has a consensus rating of “Hold” and an average price target of $71.68.
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Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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