Saia, Inc. (NASDAQ:SAIA) CFO Sells $935,851.56 in Stock

Saia, Inc. (NASDAQ:SAIAGet Free Report) CFO Douglas L. Col sold 1,743 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the sale, the chief financial officer now owns 6,854 shares in the company, valued at approximately $3,680,049.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Saia Stock Performance

Saia stock opened at $553.10 on Friday. The company has a 50 day moving average price of $443.70 and a 200 day moving average price of $419.22. Saia, Inc. has a 52 week low of $244.69 and a 52 week high of $556.94. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.43 and a beta of 1.58.

Saia (NASDAQ:SAIAGet Free Report) last issued its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. Equities analysts forecast that Saia, Inc. will post 16.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAIA. Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $418.00 price objective on the stock in a research note on Monday, October 30th. StockNews.com upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Benchmark raised their price objective on shares of Saia from $475.00 to $575.00 and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group raised their price objective on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $468.89.

Check Out Our Latest Research Report on Saia

Institutional Investors Weigh In On Saia

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of Saia by 13.3% during the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after buying an additional 26 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after buying an additional 29 shares during the period. Park Place Capital Corp boosted its stake in shares of Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after buying an additional 32 shares during the period. Xponance Inc. raised its holdings in shares of Saia by 1.0% during the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Saia by 6.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $267,000 after purchasing an additional 35 shares in the last quarter.

About Saia

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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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

Further Reading

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

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