Insider Selling: Saia, Inc. (NASDAQ:SAIA) VP Sells 2,870 Shares of Stock

Saia, Inc. (NASDAQ:SAIAGet Free Report) VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Saia Stock Up 2.2 %

Shares of Saia stock opened at $565.27 on Friday. The firm has a market capitalization of $15.01 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.45 and a beta of 1.58. Saia, Inc. has a 52 week low of $244.69 and a 52 week high of $568.71. The firm’s 50 day moving average is $446.68 and its two-hundred day moving average is $420.40.

Saia (NASDAQ:SAIAGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 earnings per share. As a group, research analysts expect that Saia, Inc. will post 16.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of analyst reports. Benchmark upped their price objective on shares of Saia from $475.00 to $575.00 and gave the company a “buy” rating in a report on Monday, February 5th. Susquehanna upped their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Saia from $398.00 to $446.00 and gave the company a “neutral” rating in a report on Monday, February 5th. StockNews.com raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Bank of America upped their target price on shares of Saia from $498.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average price target of $468.89.

Check Out Our Latest Stock Analysis on Saia

Hedge Funds Weigh In On Saia

A number of hedge funds have recently modified their holdings of the business. Primecap Management Co. CA grew its position in shares of Saia by 3.7% during the fourth quarter. Primecap Management Co. CA now owns 61,500 shares of the transportation company’s stock worth $26,951,000 after acquiring an additional 2,200 shares during the last quarter. Congress Wealth Management LLC DE grew its position in shares of Saia by 4.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 40,774 shares of the transportation company’s stock worth $17,869,000 after acquiring an additional 1,684 shares during the last quarter. US Bancorp DE grew its position in shares of Saia by 150.9% during the fourth quarter. US Bancorp DE now owns 20,934 shares of the transportation company’s stock worth $9,174,000 after acquiring an additional 12,592 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Saia by 34.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 924 shares of the transportation company’s stock worth $405,000 after acquiring an additional 235 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Saia during the fourth quarter worth approximately $594,000.

Saia Company Profile

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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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

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Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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