Natixis Advisors L.P. Has $88.96 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Natixis Advisors L.P. boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,004 shares of the transportation company’s stock after buying an additional 61,862 shares during the quarter. Natixis Advisors L.P.’s holdings in Saia were worth $88,960,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Heritage Wealth Management LLC acquired a new position in Saia during the fourth quarter worth $361,000. Victory Capital Management Inc. grew its position in shares of Saia by 37.1% in the fourth quarter. Victory Capital Management Inc. now owns 119,522 shares of the transportation company’s stock valued at $52,377,000 after purchasing an additional 32,353 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Saia by 32.2% in the fourth quarter. Van ECK Associates Corp now owns 7,666 shares of the transportation company’s stock valued at $3,359,000 after purchasing an additional 1,866 shares during the last quarter. Intrust Bank NA grew its position in shares of Saia by 4.5% in the fourth quarter. Intrust Bank NA now owns 1,220 shares of the transportation company’s stock valued at $535,000 after purchasing an additional 52 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Saia by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 40,891 shares of the transportation company’s stock valued at $17,919,000 after purchasing an additional 118 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $5.87 during trading on Friday, reaching $400.08. The stock had a trading volume of 618,697 shares, compared to its average volume of 339,131. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34. The business’s 50-day moving average price is $557.30 and its 200 day moving average price is $478.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The stock has a market capitalization of $10.64 billion, a PE ratio of 29.39, a P/E/G ratio of 1.25 and a beta of 1.71.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter last year, the firm posted $2.85 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts predict that Saia, Inc. will post 15.38 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 in the last quarter. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAIA shares. BMO Capital Markets lowered their price target on Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research report on Monday. Bank of America lowered their price target on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research report on Monday. Benchmark raised their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their target price on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $497.22.

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.