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

Saia Inc (NASDAQ:SAIA) traded down $2.65 on Thursday, reaching $70.85. 296,819 shares of the company’s stock were exchanged, compared to its average volume of 255,660. Saia Inc has a 1 year low of $41.28 and a 1 year high of $80.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. The firm has a market capitalization of $1,869.72, a P/E ratio of 20.72 and a beta of 0.85.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The firm had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. analysts forecast that Saia Inc will post 3.41 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Jennison Associates LLC acquired a new stake in Saia during the third quarter worth $16,124,000. Eagle Asset Management Inc. acquired a new stake in shares of Saia in the 3rd quarter valued at $15,904,000. Victory Capital Management Inc. boosted its stake in shares of Saia by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after purchasing an additional 224,547 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Saia by 492.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock valued at $11,819,000 after purchasing an additional 156,827 shares in the last quarter. Finally, Pier Capital LLC acquired a new stake in shares of Saia in the 3rd quarter valued at $6,220,000. Hedge funds and other institutional investors own 99.80% of the company’s stock.

A number of brokerages recently issued reports on SAIA. Cowen reaffirmed a “hold” rating and set a $55.00 target price on shares of Saia in a research report on Thursday, October 12th. Stephens reiterated a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Seaport Global Securities reiterated a “buy” rating on shares of Saia in a research note on Tuesday, December 5th. Finally, ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Saia has an average rating of “Buy” and an average price target of $63.75.

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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)

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