Insider Selling: Saia, Inc. (NASDAQ:SAIA) CFO Sells 700 Shares of Stock

Saia, Inc. (NASDAQ:SAIA) CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $22.50 during trading on Thursday, reaching $453.90. 365,776 shares of the stock were exchanged, compared to its average volume of 371,892. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The firm has a market cap of $12.07 billion, a PE ratio of 33.60, a PEG ratio of 2.49 and a beta of 1.79. The stock has a 50-day moving average price of $484.32 and a 200-day moving average price of $465.90. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the prior year, the firm earned $3.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Saia during the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after buying an additional 38 shares in the last quarter. Atala Financial Inc acquired a new position in Saia during the fourth quarter valued at approximately $36,000. Huntington National Bank raised its position in Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SAIA shares. Wells Fargo & Company dropped their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus lifted their price target on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Barclays dropped their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Stephens reissued an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $535.41.

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.