Public Employees Retirement Association of Colorado Lowers Stake in Saia, Inc. (NASDAQ:SAIA)

Public Employees Retirement Association of Colorado lessened its stake in Saia, Inc. (NASDAQ:SAIAFree Report) by 51.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,155 shares of the transportation company’s stock after selling 3,391 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Saia were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after purchasing an additional 519,819 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Saia by 1.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after acquiring an additional 15,317 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Saia by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock worth $314,215,000 after purchasing an additional 26,798 shares during the last quarter. Invesco Ltd. boosted its position in Saia by 9.9% during the third quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after purchasing an additional 63,794 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Saia by 53.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock valued at $290,655,000 after purchasing an additional 230,058 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAIA. Wells Fargo & Company began coverage on Saia in a research report on Friday. They set an “equal weight” rating and a $445.00 price target on the stock. BMO Capital Markets cut their price objective on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a report on Monday, April 29th. UBS Group lowered their target price on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. The Goldman Sachs Group upped their price target on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, TD Cowen lifted their price objective on shares of Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $492.83.

Get Our Latest Analysis on Saia

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the purchase, the director now directly owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

Saia Trading Up 0.7 %

Shares of NASDAQ:SAIA opened at $449.01 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $295.12 and a 12-month high of $628.34. The business has a 50 day moving average of $463.60 and a two-hundred day moving average of $483.17. The company has a market capitalization of $11.94 billion, a PE ratio of 32.54, a PEG ratio of 1.60 and a beta of 1.70.

Saia (NASDAQ:SAIAGet Free Report) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period last year, the firm earned $2.85 earnings per share. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Saia, Inc. will post 15.24 EPS for the current year.

About Saia

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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