Insider Selling: James A. Darby Sells 14,345 Shares of Saia Stock (SAIA)
Saia (NASDAQ:SAIA) CFO James A. Darby sold 14,345 shares of Saia stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $47.79, for a total transaction of $685,547.55. Following the completion of the sale, the chief financial officer now directly owns 31,572 shares of the company’s stock, valued at approximately $1,508,826. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SAIA. Analysts at Zacks upgraded shares of Saia from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $49.20 price target on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Saia in a research note on Thursday, July 31st. They now have a $54.00 price target on the stock, up previously from $48.00. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.24.
Saia (NASDAQ:SAIA) traded down 0.29% during mid-day trading on Thursday, hitting $47.72. 136,405 shares of the company’s stock traded hands. Saia has a 52 week low of $28.21 and a 52 week high of $48.23. The stock’s 50-day moving average is $45.32 and its 200-day moving average is $40.38. The company has a market cap of $1.169 billion and a price-to-earnings ratio of 28.15.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.17. The company had revenue of $330.00 million for the quarter, compared to the consensus estimate of $321.33 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Saia will post $1.99 earnings per share for the current fiscal year.
Saia, Inc (NASDAQ:SAIA), through its wholly owned subsidiaries, is a transportation company.
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