Matthew J. Batteh Sells 700 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Saia Stock Down 10.4 %

SAIA stock opened at $406.65 on Friday. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company’s 50 day simple moving average is $480.48 and its 200-day simple moving average is $466.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $10.81 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.35 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.33 EPS. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after buying an additional 25,090 shares during the period. Alliancebernstein L.P. increased its stake in Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after buying an additional 794,197 shares during the period. State Street Corp increased its stake in Saia by 3.1% in the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after buying an additional 24,351 shares during the period. Wasatch Advisors LP increased its stake in Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares during the period. Finally, Geode Capital Management LLC increased its stake in Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after buying an additional 6,456 shares during the period.

Analysts Set New Price Targets

SAIA has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets upped their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. TD Cowen upped their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Bank of America reduced their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays reduced their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $535.41.

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.