Saia (NASDAQ:SAIA) CAO Kelly Benton Sells 800 Shares

Saia, Inc. (NASDAQ:SAIA) CAO Kelly Benton sold 800 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $389.00, for a total value of $311,200.00. Following the transaction, the chief accounting officer directly owned 3,157 shares in the company, valued at approximately $1,228,073. This represents a 20.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $3.44 during trading on Tuesday, reaching $388.35. The stock had a trading volume of 403,168 shares, compared to its average volume of 580,415. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64. The stock has a market cap of $10.35 billion, a PE ratio of 40.79, a P/E/G ratio of 2.06 and a beta of 2.09. Saia, Inc. has a one year low of $229.12 and a one year high of $507.39. The firm’s 50 day moving average price is $354.19 and its two-hundred day moving average price is $316.89.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same quarter last year, the business earned $2.84 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP lifted its stake in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 84 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares in the last quarter. State of Wyoming acquired a new stake in shares of Saia in the third quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Saia in the fourth quarter worth $36,000. Finally, Torren Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $40,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SAIA shares. Evercore set a $435.00 price target on Saia in a research report on Wednesday, February 11th. TD Cowen reissued a “hold” rating on shares of Saia in a report on Friday, January 9th. Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a report on Thursday, January 8th. Wall Street Zen lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Benchmark lifted their price target on Saia from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $379.11.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.