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 stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Saia Trading Down 4.7 %

Shares of SAIA opened at $453.90 on Friday. The firm’s 50 day simple moving average is $482.92 and its 200 day simple moving average is $465.82. The company has a market capitalization of $12.07 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.35 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $3.33 earnings per share. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the subject of a number of analyst reports. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets raised their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their price objective on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $535.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SAIA. Blue Trust Inc. raised its stake in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. Raymond James & Associates raised its stake in shares of Saia by 4.6% during the third quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after acquiring an additional 4,548 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Saia by 22.3% during the third quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock worth $372,000 after acquiring an additional 155 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after acquiring an additional 38,827 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after acquiring an additional 30 shares in the last quarter.

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.