Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in Saia, Inc. $SAIA

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Saia, Inc. (NASDAQ:SAIA) by 7.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,843 shares of the transportation company’s stock after acquiring an additional 486 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Saia were worth $1,875,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIA. CWM LLC grew its stake in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after purchasing an additional 44 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Saia by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after buying an additional 45 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of Saia by 3.8% during the first quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock valued at $443,000 after buying an additional 47 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Saia by 1.6% during the second quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company’s stock valued at $947,000 after acquiring an additional 54 shares in the last quarter. Finally, Mattson Financial Services LLC raised its holdings in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 57 shares in the last quarter.

Insider Transactions at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Saia Trading Up 8.4%

NASDAQ:SAIA opened at $271.46 on Friday. The firm has a market capitalization of $7.23 billion, a P/E ratio of 25.07, a PEG ratio of 12.90 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. Saia, Inc. has a one year low of $229.12 and a one year high of $587.86. The company’s 50-day simple moving average is $293.03 and its 200 day simple moving average is $288.81.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SAIA. Raymond James Financial cut their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company cut their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Stifel Nicolaus reduced their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday, October 28th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Benchmark restated a “buy” rating and issued a $360.00 price objective on shares of Saia in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.67.

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.