Saia, Inc. (NASDAQ:SAIA) EVP Rohit Lal Sells 1,120 Shares

Saia, Inc. (NASDAQ:SAIA) EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Saia Stock Performance

Saia stock traded up $20.46 during trading hours on Monday, reaching $562.15. 203,312 shares of the stock were exchanged, compared to its average volume of 385,551. 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 $14.95 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.99 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50 day moving average is $472.25 and its 200 day moving average is $440.50.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the company posted $3.67 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Paladin Wealth LLC purchased a new position in Saia in the 3rd quarter valued at approximately $40,000. Quarry LP acquired a new position in Saia during the second quarter worth $41,000. International Assets Investment Management LLC purchased a new stake in Saia during the second quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 shares during the last quarter.

Analyst Ratings Changes

SAIA has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group increased their price objective on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, Barclays raised their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

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.