Saia, Inc. (NASDAQ:SAIA) CAO Kelly W. Benton Sells 460 Shares

Saia, Inc. (NASDAQ:SAIA - Get Free Report) CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $13.70 during trading hours on Monday, reaching $420.35. The stock had a trading volume of 547,047 shares, compared to its average volume of 402,138. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.24 and a beta of 1.79. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm has a 50-day moving average of $478.16 and a 200-day moving average of $467.40.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the business posted $3.33 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Institutional Trading of Saia

A number of hedge funds have recently added to or reduced their stakes in the stock. Challenger Wealth Management acquired a new stake in Saia during the 4th quarter worth approximately $228,000. Castlekeep Investment Advisors LLC acquired a new stake in Saia during the 4th quarter worth approximately $2,908,000. Highview Capital Management LLC DE acquired a new stake in Saia during the 4th quarter worth approximately $1,324,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Bank of America cut their price target on Saia from $600.00 to $565.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Cowen reiterated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Citigroup dropped their price objective on Saia from $561.00 to $544.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $535.12.

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.