Cinctive Capital Management LP Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Cinctive Capital Management LP purchased a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,850 shares of the transportation company’s stock, valued at approximately $3,577,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in Saia in the 3rd quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new position in shares of Saia in the fourth quarter valued at $1,324,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saia during the 4th quarter valued at $3,363,000. Charles Schwab Investment Management Inc. lifted its holdings in Saia by 2.2% during 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after purchasing an additional 788 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SAIA shares. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Barclays decreased their target price on shares of Saia from $535.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday. Susquehanna lowered their target price on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday. Cowen restated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.72.

Saia Stock Up 4.5 %

Shares of SAIA opened at $370.82 on Thursday. Saia, Inc. has a 1 year low of $342.68 and a 1 year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $423.44 and a two-hundred day simple moving average of $463.36. The firm has a market cap of $9.87 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.24 and a beta of 1.89.

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

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the business’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 completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last three months. Company insiders own 0.30% of the company’s stock.

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.