Rohit Lal Sells 1,120 Shares of Saia, Inc. (NASDAQ:SAIA) Stock

Saia, Inc. (NASDAQ:SAIA) EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Saia Trading Up 1.6 %

Shares of Saia stock opened at $565.96 on Wednesday. The stock has a 50 day moving average of $474.70 and a 200 day moving average of $441.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 2.99 and a beta of 1.73. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the prior year, the company posted $3.67 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAIA. Susquehanna upped their target price on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Barclays upped their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group upped their price target on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Benchmark reiterated a “buy” rating and issued a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. Finally, Bank of America increased their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $506.00.

Hedge Funds Weigh In On Saia

Several large investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after buying an additional 22,143 shares during the period. State Street Corp lifted its stake in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after acquiring an additional 24,351 shares in the last quarter. Wasatch Advisors LP lifted its stake in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after acquiring an additional 31,991 shares in the last quarter.

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.