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

Saia, Inc. (NASDAQ:SAIA) CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Saia Price Performance

SAIA opened at $453.90 on Friday. The firm has a market cap of $12.07 billion, a P/E ratio of 33.60, a PEG ratio of 2.35 and a beta of 1.79. The firm has a 50-day moving average of $482.92 and a 200 day moving average of $465.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

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

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of research reports. Raymond James dropped their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus upped their price objective on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Hedge Funds Weigh In On Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. Alliancebernstein L.P. boosted its position in Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. Balyasny Asset Management L.P. boosted its position in Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock worth $169,863,000 after purchasing an additional 371,232 shares during the period. Select Equity Group L.P. bought a new position in Saia during the fourth quarter worth about $137,199,000. Interval Partners LP bought a new position in Saia during the fourth quarter worth about $89,229,000. Finally, Ameriprise Financial Inc. boosted its position in Saia by 76.2% during the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock worth $162,213,000 after purchasing an additional 153,896 shares during the period.

About Saia

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.