Catalyst Funds Management Pty Ltd Has $741,000 Stock Position in Saia, Inc. (NASDAQ:SAIA)

Catalyst Funds Management Pty Ltd boosted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 441.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,625 shares of the transportation company's stock after purchasing an additional 1,325 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Saia were worth $741,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 price objective on the stock. Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective for the company in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, Stephens reissued an "overweight" rating and issued a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $526.39.

Insider Activity at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, 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. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company's stock.

Saia Stock Up 0.5 %

Shares of SAIA traded up $1.63 during mid-day trading on Thursday, reaching $352.28. The company's stock had a trading volume of 553,890 shares, compared to its average volume of 413,256. Saia, Inc. has a 1 year low of $342.68 and a 1 year high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The business has a fifty day moving average of $445.90 and a 200 day moving average of $466.25.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. As a group, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Saia Profile

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.