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Saia Inc. (NASDAQ:SAIA) Chief Financial Officer Matthew J. Batteh recently sold 700 shares of the company’s common stock. The transaction, executed on February 18, 2025, was completed at an average price of $500.0917 per share, resulting in a total sale value of $350,064. The sale occurred with the stock trading at a P/E ratio of 33.4, which InvestingPro data indicates is relatively high compared to near-term earnings growth expectations.
Following the sale, Batteh holds 3,326 shares of Saia’s common stock. This transaction was part of a series of trades executed at prices ranging from $500.00 to $500.20 per share.
In addition to his direct holdings, Batteh retains various stock options and phantom stock, reflecting his ongoing investment in the company. These include options with exercise prices ranging from $100.20 to $277.86, and expiration dates extending to 2029.
The sale of shares by a company executive can often provide insights into their view of the company’s future performance or personal financial planning. Saia Inc., a leader in the trucking industry, continues to navigate a dynamic market landscape. According to InvestingPro, the company maintains good financial health with liquid assets exceeding short-term obligations, though current trading prices suggest the stock may be overvalued relative to its Fair Value estimate. For deeper insights into Saia’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Saia Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.84 against a forecast of $2.83. The company achieved a record quarterly revenue of $789 million, marking a 5% year-over-year increase. Despite these positive financial results, Saia’s stock experienced a slight decline in pre-market trading. Analysts from Benchmark reiterated a Buy rating on Saia, maintaining a price target of $560, while TD Cowen adjusted the price target to $478, maintaining a Hold rating. BMO Capital Markets also revised its price target to $545 from $560, keeping a Market Perform rating. Saia’s management cited a robust contract renewal rate of 7.9% and the opening of 21 new terminals, which are impacting operating income but showing signs of increased efficiency. The company plans to improve its operating ratio by 80-100 basis points in 2025, with capital expenditures expected to exceed $700 million. Analysts express cautious optimism, noting the potential for margin acceleration if economic conditions improve.
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