Douglas L. Col Sells 1,233 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA – Get Rating) CFO Douglas L. Col sold 1,233 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $292.93, for a total value of $361,182.69. Following the completion of the sale, the chief financial officer now directly owns 7,055 shares in the company, valued at $2,066,621.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Saia Price Performance

SAIA stock opened at $280.66 on Friday. The business has a fifty day moving average of $262.47 and a two-hundred day moving average of $230.19. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 4.26 and a beta of 1.52. Saia, Inc. has a 52-week low of $168.03 and a 52-week high of $306.40.

Saia (NASDAQ:SAIA – Get Rating) last posted its earnings results on Friday, February 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.15). The business had revenue of $655.70 million for the quarter, compared to analyst estimates of $652.12 million. Saia had a return on equity of 24.73% and a net margin of 12.80%. Saia’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. As a group, research analysts anticipate that Saia, Inc. will post 12.55 earnings per share for the current year.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Saia by 157.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,500,405 shares of the transportation company’s stock valued at $658,076,000 after buying an additional 2,140,625 shares in the last quarter. BlackRock Inc. grew its stake in shares of Saia by 3.0% in the third quarter. BlackRock Inc. now owns 3,156,182 shares of the transportation company’s stock valued at $599,674,000 after buying an additional 92,688 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Saia by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock valued at $641,815,000 after buying an additional 39,660 shares in the last quarter. Capital International Investors grew its stake in shares of Saia by 10.2% in the first quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after buying an additional 146,262 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Saia by 4.1% in the first quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock valued at $218,616,000 after buying an additional 35,076 shares in the last quarter.

Analysts Set New Price Targets

SAIA has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Saia from $232.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Stephens raised their target price on Saia from $265.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, February 6th. Benchmark restated a “buy” rating and issued a $320.00 target price on shares of Saia in a research report on Thursday. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Finally, Credit Suisse Group raised their target price on Saia from $288.00 to $312.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Saia currently has an average rating of “Hold” and a consensus target price of $286.82.

About Saia

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Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.