Saia, Inc. (SAIA) VP Sells $474,045.00 in Stock
Saia, Inc. (NASDAQ:SAIA) VP Raymond R. Ramu sold 7,293 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total value of $474,045.00. Following the transaction, the vice president now directly owns 20,996 shares of the company’s stock, valued at approximately $1,364,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Saia, Inc. (SAIA) traded up $0.50 during mid-day trading on Friday, hitting $64.90. The stock had a trading volume of 107,079 shares, compared to its average volume of 174,360. The firm has a market cap of $1,665.80, a PE ratio of 31.57 and a beta of 0.93.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $350.06 million during the quarter, compared to analysts’ expectations of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. Saia’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. equities research analysts predict that Saia, Inc. will post 2.16 EPS for the current fiscal year.
A number of brokerages have commented on SAIA. ValuEngine cut Saia from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub cut Saia from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Cowen and Company increased their target price on Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $48.00 target price (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. Finally, Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Saia has an average rating of “Hold” and a consensus price target of $50.33.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in Saia by 4,376.2% in the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,838 shares during the period. Flinton Capital Management LLC grew its position in Saia by 69.8% in the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,020 shares during the period. Riverhead Capital Management LLC grew its position in Saia by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock worth $130,000 after acquiring an additional 1,031 shares during the period. 1st Global Advisors Inc. purchased a new position in Saia in the second quarter worth approximately $200,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Saia in the second quarter worth approximately $205,000. Institutional investors and hedge funds own 97.48% of the company’s stock.
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.
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