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

California Public Employees Retirement System cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,202 shares of the transportation company’s stock after selling 1,093 shares during the quarter. California Public Employees Retirement System’s holdings in Saia were worth $22,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Saia by 26,722.4% in the fourth quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after acquiring an additional 30,998 shares during the last quarter. First Hawaiian Bank boosted its stake in Saia by 37.6% in the fourth quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company’s stock valued at $3,313,000 after acquiring an additional 2,065 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Saia in the fourth quarter valued at about $3,287,000. Strs Ohio boosted its stake in Saia by 1.6% in the fourth quarter. Strs Ohio now owns 11,347 shares of the transportation company’s stock valued at $4,972,000 after acquiring an additional 179 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Saia by 65.9% in the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock valued at $92,759,000 after acquiring an additional 84,046 shares during the last quarter.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the sale, the chief financial officer now owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 in the last quarter. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price 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. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and boosted their price target for the company from $484.00 to $526.00 in a research report on Tuesday, February 6th. Bank of America boosted their price target on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. UBS Group boosted their price target on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus price target of $500.84.

Saia Stock Performance

Saia stock opened at $428.81 on Monday. The firm’s 50 day simple moving average is $568.54 and its 200 day simple moving average is $479.85. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $11.40 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Saia, Inc. has a 1-year low of $247.63 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. As a group, analysts expect that Saia, Inc. will post 16.13 earnings per share for the current fiscal year.

Saia 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.