Saia, Inc. (NASDAQ:SAIA) EVP Rohit Lal Sells 1,120 Shares

Saia, Inc. (NASDAQ:SAIA) EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Saia Stock Up 3.8 %

NASDAQ:SAIA traded up $20.46 during trading hours on Monday, hitting $562.15. The stock had a trading volume of 203,312 shares, compared to its average volume of 385,551. The company has a market cap of $14.95 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.99 and a beta of 1.73. The business has a 50 day simple moving average of $472.25 and a two-hundred day simple moving average of $440.50. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business posted $3.67 earnings per share. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Saia, Inc. will post 13.54 EPS for the current year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Paladin Wealth LLC bought a new position in Saia during the 3rd quarter valued at $40,000. Quarry LP acquired a new position in Saia during the 2nd quarter worth $41,000. International Assets Investment Management LLC bought a new stake in shares of Saia in the 2nd quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SAIA shares. TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Susquehanna upped their target price on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and lowered their price target for the stock from $440.00 to $437.00 in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $506.00.

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.