Insider Selling: Saia Inc (SAIA) CEO Sells 53,171 Shares of Stock
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.
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.
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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.
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