Saia, Inc. (NASDAQ:SAIA) CEO Sells $3,671,619.56 in Stock

Saia, Inc. (NASDAQ:SAIA - Get Free Report) CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Saia Trading Up 1.1 %

SAIA stock traded up $5.34 during mid-day trading on Friday, reaching $487.53. 243,508 shares of the stock traded hands, compared to its average volume of 391,539. 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, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a market cap of $12.96 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.51 and a beta of 1.79. The stock's fifty day moving average is $486.16 and its 200-day moving average is $464.00.

Saia (NASDAQ:SAIA - Get Free Report) last posted 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the business posted $3.33 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in shares of Saia during the fourth quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc acquired a new position in shares of Saia in the 4th quarter valued at about $36,000. Paladin Wealth LLC purchased a new stake in Saia in the 3rd quarter worth approximately $40,000. Finally, Huntington National Bank lifted its position in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after buying an additional 70 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAIA shares. Barclays reduced their price objective on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Raymond James cut their price objective 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. Stephens reaffirmed an "overweight" rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. Susquehanna raised their target price on shares of Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price target on shares of Saia from $561.00 to $544.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $535.41.

About Saia

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.