Frederick J. Holzgrefe III Sells 36,680 Shares of Saia Inc (SAIA) Stock

Saia Inc (NASDAQ:SAIA) COO Frederick J. Holzgrefe III sold 36,680 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $66.60, for a total value of $2,442,888.00. Following the completion of the sale, the chief operating officer now owns 45,196 shares of the company’s stock, valued at $3,010,053.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of SAIA traded down $0.09 during trading hours on Wednesday, hitting $67.85. 230,700 shares of the stock were exchanged, compared to its average volume of 270,983. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 1.02. Saia Inc has a 12-month low of $52.04 and a 12-month high of $87.05. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.01 and a beta of 1.04.

Saia (NASDAQ:SAIA) last issued its quarterly 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. Saia had a return on equity of 15.95% and a net margin of 6.35%. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $396.82 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts predict that Saia Inc will post 4.63 earnings per share for the current year.

SAIA has been the subject of a number of recent analyst reports. SunTrust Banks initiated coverage on Saia in a research report on Wednesday, December 12th. They issued a “buy” rating and a $70.00 price objective for the company. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, November 6th. Buckingham Research set a $84.00 price target on Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Deutsche Bank upgraded Saia from a “hold” rating to a “buy” rating and set a $64.84 price target for the company in a research report on Wednesday, February 6th. Finally, ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.68.

Several institutional investors and hedge funds have recently modified their holdings of SAIA. Raymond James & Associates increased its position in shares of Saia by 119.2% during the second quarter. Raymond James & Associates now owns 8,763 shares of the transportation company’s stock worth $708,000 after purchasing an additional 4,765 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Saia by 14.4% during the third quarter. GHP Investment Advisors Inc. now owns 10,120 shares of the transportation company’s stock worth $774,000 after buying an additional 1,275 shares during the last quarter. First Trust Advisors LP boosted its stake in Saia by 4.9% during the third quarter. First Trust Advisors LP now owns 54,275 shares of the transportation company’s stock worth $4,149,000 after buying an additional 2,537 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Saia by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 190,086 shares of the transportation company’s stock worth $14,949,000 after buying an additional 95,043 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in Saia by 7.9% during the third quarter. Frontier Capital Management Co. LLC now owns 453,574 shares of the transportation company’s stock worth $34,676,000 after buying an additional 33,274 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2019/02/13/frederick-j-holzgrefe-iii-sells-36680-shares-of-saia-inc-saia-stock.html.

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.

Recommended Story: Understanding Market Liquidity

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit