Saia, Inc. (SAIA) VP Frederick J. Holzgrefe III Sells 1,322 Shares of Stock
Saia, Inc. (NASDAQ:SAIA) VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $64.53, for a total value of $85,308.66. Following the sale, the vice president now directly owns 31,668 shares in the company, valued at $2,043,536.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Saia, Inc. (NASDAQ SAIA) traded down $1.40 during trading hours on Wednesday, reaching $62.15. The company’s stock had a trading volume of 10,842 shares, compared to its average volume of 168,458. The stock has a market capitalization of $1,639.03, a PE ratio of 31.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09. Saia, Inc. has a fifty-two week low of $35.30 and a fifty-two week high of $67.35.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The company had revenue of $350.06 million for the quarter, compared to analysts’ expectations of $344.46 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. equities analysts forecast that Saia, Inc. will post 2.16 earnings per share for the current year.
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Several equities research analysts recently commented on SAIA shares. Cowen and Company increased their price objective on Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price objective (up from $44.00) on shares of Saia in a research report on Monday, July 31st. BidaskClub cut Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.33.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its position in shares of Saia by 4,376.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock valued at $117,000 after buying an additional 1,838 shares in the last quarter. Flinton Capital Management LLC raised its stake in Saia by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,020 shares during the period. Riverhead Capital Management LLC raised its stake in Saia by 68.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 1,031 shares during the period. SG Americas Securities LLC bought a new stake in Saia during the 3rd quarter valued at approximately $179,000. Finally, 1st Global Advisors Inc. bought a new stake in Saia during the 2nd quarter valued at approximately $200,000. 98.27% of the stock is currently owned by hedge funds and other institutional investors.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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