Saia (NASDAQ:SAIA) CFO Matthew Batteh Sells 916 Shares

Saia, Inc. (NASDAQ:SAIA) CFO Matthew Batteh sold 916 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $389.03, for a total transaction of $356,351.48. Following the completion of the transaction, the chief financial officer directly owned 4,444 shares in the company, valued at $1,728,849.32. This trade represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Saia Stock Up 0.9%

Shares of Saia stock traded up $3.44 on Tuesday, hitting $388.35. The company had a trading volume of 403,168 shares, compared to its average volume of 580,415. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $507.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64. The stock has a 50 day moving average of $354.19 and a 200-day moving average of $316.89. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 2.06 and a beta of 2.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The company had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same quarter last year, the company posted $2.84 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on SAIA shares. Wolfe Research reissued a “peer perform” rating on shares of Saia in a research report on Thursday, January 8th. Wall Street Zen cut Saia from a “hold” rating to a “sell” rating in a research report on Sunday. Morgan Stanley downgraded Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price objective for the company. in a research note on Tuesday, February 10th. Benchmark lifted their target price on Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Bank of America set a $413.00 price target on shares of Saia and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $379.11.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after acquiring an additional 43,690 shares during the last quarter. Capital International Investors lifted its holdings in Saia by 0.8% in the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after buying an additional 11,454 shares during the period. Viking Global Investors LP grew its position in shares of Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after buying an additional 166,486 shares during the period.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.