Saia Inc (SAIA) CEO Richard D. Odell Sells 15,000 Shares

Saia Inc (NASDAQ:SAIA) CEO Richard D. Odell sold 15,000 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $64.60, for a total value of $969,000.00. Following the sale, the chief executive officer now owns 20,502 shares in the company, valued at approximately $1,324,429.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SAIA traded up $0.30 during midday trading on Monday, hitting $65.41. 324,100 shares of the company were exchanged, compared to its average volume of 266,554. The company has a market capitalization of $1.67 billion, a PE ratio of 16.39 and a beta of 1.04. Saia Inc has a 1-year low of $52.04 and a 1-year high of $87.05. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15.

Saia (NASDAQ:SAIA) last announced its earnings results on Monday, February 4th. The transportation company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.09. The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $396.82 million. Saia had a return on equity of 15.95% and a net margin of 6.35%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities research analysts predict that Saia Inc will post 4.63 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Buckingham Research set a $84.00 price objective on Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. BidaskClub upgraded Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, SunTrust Banks set a $77.00 price objective on Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Saia presently has an average rating of “Hold” and an average price target of $71.68.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP lifted its holdings in Saia by 21.9% during the 4th quarter. Royce & Associates LP now owns 232,684 shares of the transportation company’s stock worth $12,988,000 after buying an additional 41,843 shares during the period. Texas Permanent School Fund lifted its holdings in Saia by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock worth $939,000 after buying an additional 648 shares during the period. Hodges Capital Management Inc. acquired a new position in Saia during the 4th quarter worth about $10,185,000. BlackRock Inc. lifted its holdings in Saia by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock worth $207,161,000 after buying an additional 36,547 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its holdings in Saia by 13.0% during the 4th quarter. Virginia Retirement Systems ET AL now owns 7,800 shares of the transportation company’s stock worth $435,000 after buying an additional 900 shares during the period.

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Saia Company Profile

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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