Castleark Management LLC Has $13.23 Million Position in Saia Inc (SAIA)

Castleark Management LLC lowered its holdings in Saia Inc (NASDAQ:SAIA) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,966 shares of the transportation company’s stock after selling 1,070 shares during the period. Castleark Management LLC owned approximately 0.73% of Saia worth $13,228,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Saia by 72.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 685 shares during the period. Louisiana State Employees Retirement System raised its stake in Saia by 6.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the transportation company’s stock valued at $778,000 after buying an additional 700 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Saia by 0.4% during the fourth quarter. Driehaus Capital Management LLC now owns 190,333 shares of the transportation company’s stock valued at $13,466,000 after buying an additional 796 shares during the last quarter. Bessemer Group Inc. raised its stake in Saia by 75.0% during the fourth quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock valued at $149,000 after buying an additional 900 shares during the last quarter. Finally, HL Financial Services LLC raised its stake in Saia by 1.3% during the fourth quarter. HL Financial Services LLC now owns 73,557 shares of the transportation company’s stock valued at $5,204,000 after buying an additional 923 shares during the last quarter. 99.64% of the stock is currently owned by hedge funds and other institutional investors.

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In other Saia news, VP Frederick J. Holzgrefe III sold 17,361 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total value of $1,279,505.70. Following the completion of the transaction, the vice president now owns 34,565 shares in the company, valued at $2,547,440.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard D. Odell sold 53,171 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the completion of the sale, the chief executive officer now directly owns 12,972 shares of the company’s stock, valued at $960,187.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,109 shares of company stock worth $6,365,332. 1.50% of the stock is currently owned by insiders.

SAIA has been the subject of a number of research analyst reports. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Tuesday, January 2nd. Morgan Stanley cut their price target on Saia from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Friday. BidaskClub downgraded Saia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 6th. Buckingham Research assumed coverage on Saia in a research report on Monday, March 26th. They issued a “buy” rating and a $93.00 target price on the stock. Finally, Stifel Nicolaus upped their price objective on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.40.

Shares of SAIA traded down $2.25 during midday trading on Friday, hitting $72.00. 268,614 shares of the company’s stock traded hands, compared to its average volume of 225,206. The firm has a market cap of $1,848.67, a PE ratio of 32.88 and a beta of 0.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Saia Inc has a 1 year low of $41.28 and a 1 year high of $80.25.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. Saia had a return on equity of 10.80% and a net margin of 6.61%. The company had revenue of $353.20 million during the quarter, compared to analyst estimates of $343.26 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. research analysts forecast that Saia Inc will post 3.71 EPS for the current year.

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Saia Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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