Saia, Inc. (SAIA) Insider Stephanie Maschmeier Sells 4,090 Shares
Saia, Inc. (NASDAQ:SAIA) insider Stephanie Maschmeier sold 4,090 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total value of $265,850.00. Following the completion of the transaction, the insider now directly owns 7,316 shares in the company, valued at approximately $475,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Stephanie Maschmeier also recently made the following trade(s):
- On Wednesday, August 9th, Stephanie Maschmeier sold 5,925 shares of Saia stock. The stock was sold at an average price of $53.20, for a total value of $315,210.00.
Shares of Saia, Inc. (NASDAQ:SAIA) traded up $0.50 on Friday, reaching $64.90. The company had a trading volume of 107,079 shares, compared to its average volume of 174,360. The company has a market capitalization of $1,665.80, a P/E ratio of 31.57 and a beta of 0.93.
Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $350.06 million for the quarter, compared to the consensus estimate of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. sell-side analysts anticipate that Saia, Inc. will post 2.16 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/03/saia-inc-saia-insider-stephanie-maschmeier-sells-4090-shares.html.
Several research analysts have recently commented on the company. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley raised their price objective on Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Wolfe Research downgraded Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Saia in a research note on Thursday, September 21st. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Saia in a research note on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.33.
A number of institutional investors and hedge funds have recently modified their holdings of SAIA. BlackRock Inc. raised its stake in Saia by 49,565.9% during the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after purchasing an additional 3,068,128 shares during the period. Goldman Sachs Group Inc. raised its stake in Saia by 652.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock valued at $36,124,000 after purchasing an additional 706,982 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in Saia during the 2nd quarter valued at approximately $15,559,000. Jennison Associates LLC bought a new stake in Saia during the 3rd quarter valued at approximately $16,124,000. Finally, Victory Capital Management Inc. raised its stake in Saia by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after purchasing an additional 224,547 shares during the period. 97.48% of the stock is currently owned by institutional investors.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.