Atala Financial Inc Purchases New Shares in Saia, Inc. (NASDAQ:SAIA)

Atala Financial Inc purchased a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 80 shares of the transportation company’s stock, valued at approximately $36,000.

Several other large investors have also added to or reduced their stakes in SAIA. Kestra Investment Management LLC bought a new stake in Saia in the fourth quarter valued at $25,000. Tortoise Investment Management LLC boosted its holdings in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Saia in the fourth quarter valued at $154,000. Finally, GAMMA Investing LLC boosted its holdings in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares in the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $353.64 on Friday. 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 50 day moving average price of $454.51 and a 200-day moving average price of $466.32. Saia, Inc. has a 52 week low of $347.11 and a 52 week high of $624.55. The firm has a market capitalization of $9.42 billion, a PE ratio of 26.18, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $3.33 EPS. As a group, equities research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 over the last quarter. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SAIA has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Stephens restated an “overweight” rating and set a $600.00 target price on shares of Saia in a report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Susquehanna boosted their target price on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. One equities 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. Based on data from MarketBeat.com, Saia currently 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.