Richard D. Odell Sells 13,000 Shares of Saia Inc. (SAIA) Stock
Saia Inc. (NASDAQ:SAIA) CEO Richard D. Odell sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $42.00, for a total value of $546,000.00. Following the completion of the transaction, the chief executive officer now owns 29,532 shares of the company’s stock, valued at approximately $1,240,344. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Saia Inc. (NASDAQ:SAIA) opened at 41.025 on Monday. Saia Inc. has a 12 month low of $18.28 and a 12 month high of $42.55. The firm’s 50-day moving average is $33.51 and its 200 day moving average is $28.97. The firm has a market capitalization of $1.03 billion, a P/E ratio of 21.367 and a beta of 0.57.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.04. Saia had a net margin of 4.07% and a return on equity of 10.74%. The firm had revenue of $316 million for the quarter, compared to analyst estimates of $310.27 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Saia Inc. will post $1.90 EPS for the current year.
Several institutional investors have recently made changes to their positions in SAIA. Dimensional Fund Advisors LP raised its stake in Saia by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,117,060 shares of the company’s stock worth $53,223,000 after buying an additional 157,526 shares in the last quarter. BlackRock Fund Advisors raised its stake in Saia by 8.7% in the third quarter. BlackRock Fund Advisors now owns 1,772,854 shares of the company’s stock worth $53,115,000 after buying an additional 141,395 shares in the last quarter. FMR LLC raised its stake in Saia by 1.6% in the second quarter. FMR LLC now owns 1,237,366 shares of the company’s stock worth $31,107,000 after buying an additional 18,900 shares in the last quarter. Vanguard Group Inc. raised its stake in Saia by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,114,409 shares of the company’s stock worth $28,016,000 after buying an additional 6,742 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Saia during the second quarter worth $27,729,000. Hedge funds and other institutional investors own 97.62% of the company’s stock.
A number of equities analysts recently commented on SAIA shares. Cowen and Company lifted their price target on Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Finally, TheStreet upgraded Saia from a “hold” rating to a “buy” rating in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.25.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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