Centiva Capital LP Increases Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Centiva Capital LP grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,234 shares of the transportation company’s stock after purchasing an additional 150 shares during the quarter. Centiva Capital LP’s holdings in Saia were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Highview Capital Management LLC DE purchased a new stake in Saia during the fourth quarter valued at approximately $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Saia in the 4th quarter worth $3,363,000. Charles Schwab Investment Management Inc. raised its holdings in Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after purchasing an additional 4,972 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 788 shares in the last quarter. Finally, Legato Capital Management LLC grew its holdings in Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after purchasing an additional 785 shares during the period.

Insider Buying and Selling at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % 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 over the last quarter. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup decreased their price objective on Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Barclays downgraded shares of Saia from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 29th. Cowen reissued a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Evercore ISI lowered their target price on shares of Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Saia from $485.00 to $387.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $342.58.

Saia Trading Down 1.9 %

SAIA opened at $260.62 on Friday. The stock has a 50-day moving average of $330.05 and a 200 day moving average of $435.75. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The firm has a market cap of $6.94 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.38 EPS. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

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.