Raymond Ramu Sells 1,000 Shares of Saia (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) VP Raymond Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saia Stock Performance

Shares of Saia stock opened at $271.46 on Friday. The company has a market capitalization of $7.23 billion, a PE ratio of 25.07, a P/E/G ratio of 12.90 and a beta of 2.07. The company has a 50-day simple moving average of $293.03 and a two-hundred day simple moving average of $288.81. Saia, Inc. has a one year low of $229.12 and a one year high of $587.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 EPS. Research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in Saia in the 3rd quarter worth approximately $18,956,000. Danske Bank A S acquired a new stake in Saia during the 3rd quarter valued at approximately $60,000. Advisory Services Network LLC purchased a new stake in shares of Saia in the 3rd quarter valued at $60,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Saia by 34.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 84,198 shares of the transportation company’s stock worth $25,206,000 after acquiring an additional 21,744 shares during the period. Finally, Morningstar Investment Management LLC purchased a new position in shares of Saia during the third quarter worth $1,613,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAIA. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saia in a research report on Monday. UBS Group upped their target price on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Citigroup lowered their price target on Saia from $371.00 to $365.00 and set a “buy” rating for the company in a report on Friday, October 31st. Zacks Research upgraded Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Raymond James Financial decreased their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $337.67.

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.