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 Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Saia Price Performance

SAIA stock traded down $3.44 during trading on Tuesday, reaching $492.55. 211,764 shares of the company were exchanged, compared to its average volume of 381,913. The company has a market cap of $13.10 billion, a P/E ratio of 36.46, a PEG ratio of 2.51 and a beta of 1.79. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The stock’s 50 day moving average price is $489.84 and its 200 day moving average price is $462.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company 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%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 EPS. As a group, analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAIA. Raymond James cut their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Citigroup cut their price target on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Artemis Investment Management LLP raised its position in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after acquiring an additional 105,356 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Saia during the fourth quarter worth about $46,514,000. Stephens Investment Management Group LLC acquired a new position in Saia during the fourth quarter worth about $45,767,000. Allspring Global Investments Holdings LLC raised its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares during the last quarter.

Saia Company Profile

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.