Saia, Inc. (NASDAQ:SAIA) CEO Sells $3,671,619.56 in Stock

Saia, Inc. (NASDAQ:SAIA) CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Saia Stock Performance

Shares of Saia stock opened at $492.55 on Wednesday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company has a market cap of $13.10 billion, a PE ratio of 36.46, a P/E/G ratio of 2.51 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The business has a 50-day simple moving average of $488.73 and a 200-day simple moving average of $462.67.

Saia (NASDAQ:SAIA) last posted 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 business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 EPS. On average, equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Several institutional investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in Saia in the fourth quarter valued at approximately $25,000. Atala Financial Inc purchased a new stake in Saia in the fourth quarter valued at approximately $36,000. Paladin Wealth LLC purchased a new stake in Saia in the third quarter valued at approximately $40,000. Tortoise Investment Management LLC lifted its stake in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after buying an additional 49 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after buying an additional 65 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SAIA shares. BMO Capital Markets boosted their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Citigroup reduced 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. The Goldman Sachs Group boosted their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Bank of America reduced their price objective on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Stephens restated an “overweight” rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.