California State Teachers Retirement System Trims Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

California State Teachers Retirement System lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,872 shares of the transportation company’s stock after selling 284 shares during the period. California State Teachers Retirement System owned 0.09% of Saia worth $11,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Exchange Traded Concepts LLC purchased a new stake in shares of Saia during the fourth quarter worth about $366,000. Blue Trust Inc. boosted its position in Saia by 64.6% during the fourth quarter. Blue Trust Inc. now owns 469 shares of the transportation company’s stock worth $205,000 after acquiring an additional 184 shares during the last quarter. KBC Group NV grew its stake in Saia by 47.7% in the 4th quarter. KBC Group NV now owns 1,093 shares of the transportation company’s stock worth $498,000 after acquiring an additional 353 shares during the period. Pacer Advisors Inc. raised its holdings in Saia by 1.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,982 shares of the transportation company’s stock valued at $1,815,000 after acquiring an additional 51 shares during the last quarter. Finally, Hunter Associates Investment Management LLC raised its holdings in Saia by 8.2% in the 4th quarter. Hunter Associates Investment Management LLC now owns 7,090 shares of the transportation company’s stock valued at $3,230,000 after acquiring an additional 539 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ SAIA opened at $263.69 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.24 and a beta of 2.03. The business has a 50-day moving average of $302.87 and a 200-day moving average of $412.84.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.38 earnings per share. On average, equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the topic of several analyst reports. Bank of America lifted their price objective on Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their price target on Saia from $436.00 to $299.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Wall Street Zen upgraded Saia to a “sell” rating in a report on Tuesday, May 13th. Barclays lowered shares of Saia from an “overweight” rating to an “equal weight” rating in a report on Tuesday, April 29th. Finally, Susquehanna decreased their target price on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $338.95.

Saia 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.