Catalyst Funds Management Pty Ltd Boosts Position in Saia, Inc. (NASDAQ:SAIA)

Catalyst Funds Management Pty Ltd lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 441.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,625 shares of the transportation company’s stock after acquiring an additional 1,325 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Saia were worth $741,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SAIA. KBC Group NV raised its position in Saia by 9.6% during the third quarter. KBC Group NV now owns 740 shares of the transportation company’s stock valued at $324,000 after acquiring an additional 65 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Saia by 24.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,011 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 198 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares during the period. RiverPark Advisors LLC boosted its holdings in Saia by 10.5% during the third quarter. RiverPark Advisors LLC now owns 1,218 shares of the transportation company’s stock worth $533,000 after buying an additional 116 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Saia by 7.7% during the third quarter. Thrivent Financial for Lutherans now owns 79,578 shares of the transportation company’s stock valued at $34,796,000 after buying an additional 5,658 shares during the period.

Saia Stock Performance

NASDAQ SAIA opened at $353.64 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock’s fifty day moving average is $452.28 and its two-hundred day moving average is $466.69. The firm has a market capitalization of $9.42 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a fifty-two week low of $347.11 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the firm posted $3.33 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Jefferies Financial Group raised their price objective on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Cowen restated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $526.39.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.