New York State Common Retirement Fund Sells 1,279 Shares of Saia, Inc. (NASDAQ:SAIA)

New York State Common Retirement Fund cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,328 shares of the transportation company’s stock after selling 1,279 shares during the quarter. New York State Common Retirement Fund owned approximately 0.29% of Saia worth $33,812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Capital Research Global Investors boosted its position in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after purchasing an additional 149,074 shares during the period. American Century Companies Inc. boosted its holdings in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after buying an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after buying an additional 98,383 shares during the period. Clearbridge Investments LLC purchased a new stake in Saia in the 1st quarter worth $27,733,000. Finally, International Assets Investment Management LLC raised its holdings in Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SAIA. TD Cowen upped their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Evercore ISI dropped their price target on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and reduced their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $492.00.

Saia Price Performance

NASDAQ:SAIA opened at $480.69 on Friday. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.81 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The business has a 50 day simple moving average of $431.41 and a 200-day simple moving average of $433.88. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Saia, Inc. will post 13.56 EPS for the current year.

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.