Saia Inc (NASDAQ:SAIA) CEO Richard D. Odell sold 53,171 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $74.02, for a total value of $3,935,717.42. Following the sale, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at $960,187.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Saia Inc (NASDAQ SAIA) opened at $70.00 on Friday. The stock has a market capitalization of $1,805.99, a PE ratio of 20.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. Saia Inc has a one year low of $41.28 and a one year high of $80.25.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $353.20 million during the quarter, compared to the consensus estimate of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. analysts predict that Saia Inc will post 3.54 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its stake in Saia by 23.7% in the 4th quarter. Citadel Advisors LLC now owns 64,800 shares of the transportation company’s stock worth $4,584,000 after acquiring an additional 12,399 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Saia in the 4th quarter worth about $2,257,000. Employees Retirement System of Texas raised its stake in shares of Saia by 25.0% during the 4th quarter. Employees Retirement System of Texas now owns 75,000 shares of the transportation company’s stock worth $5,306,000 after purchasing an additional 15,000 shares in the last quarter. Royce & Associates LP raised its stake in shares of Saia by 8.6% during the 4th quarter. Royce & Associates LP now owns 242,083 shares of the transportation company’s stock worth $17,127,000 after purchasing an additional 19,086 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Saia by 3.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 177,562 shares of the transportation company’s stock worth $12,563,000 after purchasing an additional 5,504 shares in the last quarter. 99.80% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on SAIA shares. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Tuesday, January 2nd. BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Seaport Global Securities reissued a “buy” rating on shares of Saia in a research note on Tuesday, December 5th. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Stifel Nicolaus increased their price objective on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $63.75.

WARNING: “Insider Selling: Saia Inc (SAIA) CEO Sells 53,171 Shares of Stock” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://theolympiareport.com/2018/02/11/insider-selling-saia-inc-saia-ceo-sells-53171-shares-of-stock.html.

About Saia

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.

Insider Buying and Selling by Quarter for Saia (NASDAQ:SAIA)

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.