Saia (NASDAQ:SAIA) VP Sells $2,027,426.70 in Stock

Saia, Inc. (NASDAQ:SAIA) VP Raymond Ramu sold 5,226 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the completion of the transaction, the vice president directly owned 3,631 shares in the company, valued at approximately $1,408,646.45. This represents a 59.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Saia Trading Up 0.6%

Shares of Saia stock opened at $392.67 on Friday. The firm has a market cap of $10.46 billion, a PE ratio of 41.25, a P/E/G ratio of 2.09 and a beta of 2.09. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $473.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.68. The stock has a fifty day moving average price of $357.19 and a 200-day moving average price of $318.59.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $773.82 million. During the same period last year, the firm posted $2.84 earnings per share. Saia’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on SAIA. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. Morgan Stanley cut Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target on the stock. in a research report on Tuesday, February 10th. UBS Group reiterated a “buy” rating and set a $493.00 price target on shares of Saia in a research note on Wednesday, February 11th. Evercore set a $435.00 price objective on Saia in a research note on Wednesday, February 11th. Finally, BMO Capital Markets set a $425.00 target price on shares of Saia in a research note on Thursday. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Saia presently has an average rating of “Hold” and a consensus price target of $379.63.

Institutional Trading of Saia

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. Quarry LP lifted its stake in Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares in the last quarter. State of Wyoming bought a new position in Saia in the 3rd quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in Saia in the 4th quarter worth about $36,000. Finally, Torren Management LLC purchased a new stake in shares of Saia in the 4th quarter valued at about $40,000.

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.