Traders Purchase Large Volume of Saia Call Options (NASDAQ:SAIA)

Saia Inc (NASDAQ:SAIA) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 1,001 call options on the stock. This is an increase of 1,372% compared to the average volume of 68 call options.

SAIA has been the topic of several research analyst reports. Seaport Global Securities raised shares of Saia from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 1st. Buckingham Research upped their price objective on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of Saia from $66.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Cowen reaffirmed a “hold” rating and set a $70.00 price objective on shares of Saia in a research note on Thursday, May 2nd. Finally, Mizuho reissued a “hold” rating and set a $75.00 price target on shares of Saia in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.00.

In other Saia news, VP Paul C. Peck sold 6,240 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total transaction of $486,720.00. Following the sale, the vice president now directly owns 7,368 shares of the company’s stock, valued at $574,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.



Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Saia by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 180 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in Saia by 2.6% in the second quarter. Virginia Retirement Systems ET AL now owns 8,000 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in Saia by 0.7% in the second quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after acquiring an additional 292 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Saia by 4.0% in the first quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 321 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in Saia by 6.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 6,534 shares of the transportation company’s stock valued at $399,000 after acquiring an additional 421 shares during the last quarter.

Shares of SAIA traded down $0.66 during mid-day trading on Thursday, hitting $78.51. 5 shares of the company traded hands, compared to its average volume of 256,421. Saia has a one year low of $52.04 and a one year high of $83.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day simple moving average of $69.08. The stock has a market capitalization of $2.08 billion, a PE ratio of 19.67 and a beta of 1.13.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. Saia had a net margin of 6.61% and a return on equity of 15.90%. The business had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $449.42 million. During the same period in the prior year, the firm earned $1.15 earnings per share. Saia’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that Saia will post 4.57 EPS for the current year.

About Saia

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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