Teacher Retirement System of Texas Lowers Holdings in Saia, Inc. $SAIA

Teacher Retirement System of Texas lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,044 shares of the transportation company’s stock after selling 207 shares during the period. Teacher Retirement System of Texas’ holdings in Saia were worth $1,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its stake in Saia by 1,518.8% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 17,370 shares of the transportation company’s stock worth $4,759,000 after purchasing an additional 16,297 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Saia by 8.6% in the second quarter. Bessemer Group Inc. now owns 414,596 shares of the transportation company’s stock worth $113,595,000 after buying an additional 32,683 shares in the last quarter. MQS Management LLC bought a new position in shares of Saia during the second quarter worth $202,000. State of New Jersey Common Pension Fund D boosted its position in shares of Saia by 2.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 9,369 shares of the transportation company’s stock worth $2,567,000 after acquiring an additional 198 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Saia during the second quarter valued at $41,000.

Wall Street Analyst Weigh In

SAIA has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research report on Wednesday, October 8th. Evercore ISI dropped their price target on Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Benchmark restated a “buy” rating and set a $360.00 price target on shares of Saia in a report on Thursday, September 25th. Finally, UBS Group upped their price objective on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $337.67.

Saia Trading Down 3.2%

Shares of NASDAQ SAIA opened at $273.81 on Friday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $587.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The business’s 50 day moving average is $300.55 and its two-hundred day moving average is $289.60. The stock has a market capitalization of $7.30 billion, a P/E ratio of 25.28, a PEG ratio of 12.90 and a beta of 2.07.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.28. The business had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company earned $3.46 EPS. As a group, research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

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.