California Public Employees Retirement System Decreases Holdings in Saia, Inc. (NASDAQ:SAIA)

California Public Employees Retirement System lowered its stake in Saia, Inc. (NASDAQ:SAIAGet Rating) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,362 shares of the transportation company’s stock after selling 2,041 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Saia worth $10,032,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SAIA. American Century Companies Inc. lifted its stake in shares of Saia by 22.2% in the 1st quarter. American Century Companies Inc. now owns 80,413 shares of the transportation company’s stock valued at $19,606,000 after purchasing an additional 14,582 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Saia by 98.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,102 shares of the transportation company’s stock valued at $771,000 after buying an additional 2,036 shares during the period. Xponance Inc. lifted its position in Saia by 5.5% in the second quarter. Xponance Inc. now owns 4,365 shares of the transportation company’s stock worth $821,000 after buying an additional 228 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Saia by 4.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the transportation company’s stock worth $1,422,000 after buying an additional 293 shares during the period. Finally, FDx Advisors Inc. increased its position in Saia by 15.1% during the second quarter. FDx Advisors Inc. now owns 1,416 shares of the transportation company’s stock valued at $266,000 after acquiring an additional 186 shares during the last quarter.

Saia Stock Down 0.7 %

Shares of Saia stock opened at $234.82 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $361.39. The firm’s 50-day moving average is $205.12 and its two-hundred day moving average is $206.52. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.03 and a beta of 1.38.

Insiders Place Their Bets

In other Saia news, Director Di-Ann Eisnor sold 456 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $224.04, for a total transaction of $102,162.24. Following the transaction, the director now directly owns 5,835 shares in the company, valued at approximately $1,307,273.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SAIA shares. Credit Suisse Group dropped their price target on shares of Saia from $268.00 to $241.00 in a research note on Tuesday, October 11th. Stifel Nicolaus dropped their target price on Saia from $238.00 to $229.00 in a research report on Thursday, July 28th. StockNews.com started coverage on Saia in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James dropped their price objective on Saia from $245.00 to $235.00 and set an “outperform” rating for the company in a report on Friday, October 14th. Finally, Susquehanna Bancshares upped their price objective on Saia from $265.00 to $270.00 in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.53.

Saia Profile

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

Further Reading

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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