Matthew J. Batteh Sells 700 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Saia Trading Down 10.4 %

SAIA opened at $406.65 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $10.81 billion, a PE ratio of 30.10, a PEG ratio of 2.35 and a beta of 1.79. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The firm has a 50-day moving average price of $480.48 and a two-hundred day moving average price of $466.02.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new position in Saia during the 4th quarter worth approximately $2,908,000. Highview Capital Management LLC DE bought a new position in Saia during the 4th quarter worth approximately $1,324,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Saia by 72.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,552 shares of the transportation company’s stock worth $41,267,000 after acquiring an additional 38,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Saia by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,483 shares of the transportation company’s stock worth $38,501,000 after acquiring an additional 7,036 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in Saia by 31.6% during the 4th quarter. Vident Advisory LLC now owns 882 shares of the transportation company’s stock worth $402,000 after acquiring an additional 212 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SAIA shares. The Goldman Sachs Group increased their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Bank of America reduced their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Susquehanna raised their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from 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.