Saia, Inc. $SAIA Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,323 shares of the transportation company's stock after selling 24,346 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of Saia worth $13,514,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company's stock valued at $30,000 after acquiring an additional 71 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Saia in the 2nd quarter valued at about $41,000. Blue Trust Inc. lifted its stake in shares of Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company's stock valued at $57,000 after purchasing an additional 72 shares in the last quarter. CWM LLC grew its holdings in shares of Saia by 21.6% during the 2nd quarter. CWM LLC now owns 248 shares of the transportation company's stock worth $68,000 after purchasing an additional 44 shares during the period. Finally, Mattson Financial Services LLC increased its position in Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company's stock worth $133,000 after purchasing an additional 57 shares in the last quarter.

Insider Buying and Selling

In other Saia news, Director Donna E. Epps acquired 422 shares of the company's stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director directly owned 1,852 shares of the company's stock, valued at $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raymond R. Ramu sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president directly 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 disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Saia Stock Performance

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Saia stock opened at $326.22 on Thursday. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $551.78. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 9.38 and a beta of 2.10. The firm's fifty day moving average price is $289.83 and its 200 day moving average price is $289.81.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same period last year, the firm earned $3.46 earnings per share. The company's revenue was down .3% on a year-over-year basis. On average, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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Several research analysts recently commented on the stock. Rothschild & Co Redburn initiated coverage on shares of Saia in a report on Wednesday, November 26th. They issued a "neutral" rating and a $262.00 price target on the stock. Redburn Partners set a $262.00 target price on shares of Saia in a research note on Wednesday, November 26th. Evercore ISI reduced their target price on shares of Saia from $328.00 to $319.00 and set an "outperform" rating on the stock in a report on Friday, October 31st. Susquehanna set a $350.00 price target on Saia in a report on Friday, October 31st. Finally, Citigroup reduced their price objective on Saia from $371.00 to $365.00 and set a "buy" rating on the stock in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and an average price target of $330.10.

View Our Latest Research Report on Saia

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.

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