State of New Jersey Common Pension Fund D Has $2.57 Million Position in Saia, Inc. $SAIA

State of New Jersey Common Pension Fund D raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,369 shares of the transportation company’s stock after buying an additional 198 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Saia were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Saia by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company’s stock valued at $989,452,000 after purchasing an additional 288,746 shares during the period. Alliancebernstein L.P. grew its stake in Saia by 17.3% in the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock valued at $795,184,000 after buying an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Saia by 35.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company’s stock valued at $421,705,000 after acquiring an additional 315,514 shares during the period. Select Equity Group L.P. raised its holdings in Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company’s stock valued at $167,900,000 after acquiring an additional 179,444 shares during the period. Finally, Voya Investment Management LLC lifted its position in Saia by 12.5% during the first quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company’s stock worth $147,020,000 after acquiring an additional 46,770 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research report on Wednesday, October 8th. Barclays upped their price objective on Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Stifel Nicolaus dropped their target price on Saia from $306.00 to $298.00 and set a “hold” rating for the company in a report on Tuesday. Evercore ISI reduced their target price on shares of Saia from $345.00 to $328.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Finally, Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.83.

Saia Trading Down 1.7%

Shares of SAIA stock opened at $284.33 on Wednesday. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The stock’s fifty day moving average price is $303.28 and its two-hundred day moving average price is $291.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $7.57 billion, a PE ratio of 26.25, a P/E/G ratio of 13.43 and a beta of 2.00.

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.