Saia Inc (SAIA) Director Bjorn E. Olsson Sells 3,000 Shares

Saia Inc (NASDAQ:SAIA) Director Bjorn E. Olsson sold 3,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total transaction of $220,530.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Saia Inc (NASDAQ SAIA) traded down $2.65 during trading on Thursday, reaching $70.85. 296,819 shares of the company were exchanged, compared to its average volume of 255,660. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. Saia Inc has a 12 month low of $41.28 and a 12 month high of $80.25. The stock has a market cap of $1,869.72, a price-to-earnings ratio of 20.72 and a beta of 0.85.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The company had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. equities analysts predict that Saia Inc will post 3.41 EPS for the current year.

A number of research firms recently weighed in on SAIA. Stephens reissued a “neutral” rating on shares of Saia in a research report on Friday, February 2nd. BidaskClub raised shares of Saia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Cowen reissued a “hold” rating and issued a $55.00 price objective on shares of Saia in a research report on Thursday, October 12th. Seaport Global Securities reissued a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. Finally, ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $63.75.

A number of hedge funds have recently modified their holdings of SAIA. Jennison Associates LLC bought a new position in Saia in the 3rd quarter worth about $16,124,000. Eagle Asset Management Inc. bought a new position in Saia in the 3rd quarter worth about $15,904,000. Victory Capital Management Inc. grew its stake in Saia by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after acquiring an additional 224,547 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Saia by 492.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock worth $11,819,000 after acquiring an additional 156,827 shares in the last quarter. Finally, Pier Capital LLC bought a new position in Saia in the 3rd quarter worth about $6,220,000. Institutional investors and hedge funds own 99.80% of the company’s stock.

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About Saia

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.

Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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