Saia (NASDAQ:SAIA) CEO Sells $1,856,520.00 in Stock

Saia, Inc. (NASDAQ:SAIA) CEO Frederick Holzgrefe III sold 4,775 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the sale, the chief executive officer owned 22,743 shares in the company, valued at $8,842,478.40. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Saia Stock Performance

Shares of SAIA opened at $392.67 on Friday. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $473.14. The stock has a market cap of $10.46 billion, a P/E ratio of 41.25, a PEG ratio of 2.09 and a beta of 2.09. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $357.19 and a two-hundred day moving average of $318.59.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The company had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after acquiring an additional 222,494 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Saia in the 4th quarter valued at about $1,567,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Saia during the 4th quarter worth about $298,000. Empowered Funds LLC acquired a new stake in Saia during the 4th quarter worth approximately $71,000. Finally, SummitTX Capital L.P. raised its holdings in Saia by 21.9% in the fourth quarter. SummitTX Capital L.P. now owns 19,821 shares of the transportation company’s stock valued at $6,472,000 after buying an additional 3,561 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $403.00 price target on shares of Saia in a report on Tuesday, February 10th. Barclays boosted their price target on Saia from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Wall Street Zen cut Saia from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. BMO Capital Markets set a $425.00 target price on Saia in a research note on Thursday. Finally, TD Cowen restated a “hold” rating on shares of Saia in a report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Saia currently has an average rating of “Hold” and an average price target of $379.63.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.