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

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

Saia stock opened at $67.85 on Thursday. The company has a market capitalization of $1.67 billion, a P/E ratio of 17.01 and a beta of 1.04. Saia Inc has a 12 month low of $52.04 and a 12 month 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 posted its earnings results on Monday, February 4th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, analysts predict that Saia Inc will post 4.63 earnings per share for the current year.

SAIA has been the subject of several recent analyst reports. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. ValuEngine lowered Saia from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Morgan Stanley set a $57.00 target price on Saia and gave the company a “sell” rating in a report on Monday, October 22nd. BidaskClub upgraded Saia from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 18th. Finally, Cowen reiterated a “market perform” rating and issued a $75.00 price objective (down previously from $84.00) on shares of Saia in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $71.68.

Several large investors have recently bought and sold shares of SAIA. Bank of Montreal Can increased its holdings in shares of Saia by 12.1% in the fourth quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock worth $94,000 after purchasing an additional 183 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in shares of Saia by 3.3% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,113 shares of the transportation company’s stock worth $341,000 after purchasing an additional 196 shares during the period. Resources Investment Advisors Inc. bought a new position in shares of Saia in the fourth quarter worth $36,000. Texas Permanent School Fund increased its holdings in shares of Saia by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock worth $939,000 after purchasing an additional 648 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Saia by 22.8% in the third quarter. Riverhead Capital Management LLC now owns 4,839 shares of the transportation company’s stock worth $370,000 after purchasing an additional 900 shares during the period.

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About Saia

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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