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

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

Saia Stock Performance

Saia stock opened at $564.38 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $15.01 billion, a P/E ratio of 40.31, a PEG ratio of 3.07 and a beta of 1.73. The stock’s 50 day moving average is $477.25 and its 200 day moving average is $442.63. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.

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

Institutional Trading of Saia

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock worth $31,633,000 after buying an additional 3,886 shares during the last quarter. Tidal Investments LLC boosted its stake in Saia by 20.2% during the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company’s stock valued at $1,872,000 after purchasing an additional 719 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Saia by 4.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,927 shares of the transportation company’s stock valued at $2,154,000 after purchasing an additional 232 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in Saia during the 3rd quarter valued at $213,000. Finally, TD Private Client Wealth LLC boosted its stake in Saia by 7.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,265 shares of the transportation company’s stock valued at $1,865,000 after purchasing an additional 308 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SAIA shares. Susquehanna boosted their target price on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research note on Wednesday, October 9th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and lowered their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group lowered their price target on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $506.00.

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.