California Public Employees Retirement System Cuts Stock Position in Saia, Inc. (NASDAQ:SAIA)

California Public Employees Retirement System lessened its holdings in Saia, Inc. (NASDAQ:SAIA) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,179 shares of the transportation company’s stock after selling 2,747 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Saia worth $14,665,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after buying an additional 26 shares during the last quarter. Arizona State Retirement System grew its position in Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 29 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after acquiring an additional 30 shares during the last quarter. UMB Bank n.a. raised its position in Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 37 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAIA shares. JPMorgan Chase & Co. decreased their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Bank of America dropped their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. TD Cowen increased their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Raymond James reduced their price target on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average price target of $509.72.

Saia Price Performance

Shares of SAIA stock opened at $322.38 on Friday. The stock’s 50-day moving average is $416.37 and its 200 day moving average is $461.58. Saia, Inc. has a 1-year low of $287.50 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 company has a market cap of $8.58 billion, a P/E ratio of 23.86, a PEG 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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the firm earned $3.33 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated 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 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Saia Company Profile

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.