Strs Ohio Invests $1.04 Million in Saia, Inc. $SAIA

Strs Ohio acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,967 shares of the transportation company’s stock, valued at approximately $1,037,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after buying an additional 47 shares during the period. NBC Securities Inc. acquired a new position in shares of Saia during the first quarter worth approximately $43,000. Group One Trading LLC boosted its position in shares of Saia by 114.4% during the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock worth $111,000 after buying an additional 1,934 shares during the period. Mattson Financial Services LLC boosted its position in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in shares of Saia during the first quarter worth approximately $135,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SAIA shares. Susquehanna upgraded Saia from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $340.00 to $360.00 in a research report on Wednesday, September 10th. Jefferies Financial Group set a $335.00 target price on Saia and gave the stock a “buy” rating in a report on Tuesday, June 10th. Evercore ISI boosted their target price on Saia from $297.00 to $345.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Stephens boosted their target price on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Citigroup dropped their target price on Saia from $393.00 to $373.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $347.16.

Saia Price Performance

NASDAQ SAIA opened at $314.83 on Friday. The stock has a market capitalization of $8.39 billion, a P/E ratio of 29.07, a P/E/G ratio of 14.10 and a beta of 2.00. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The business’s fifty day moving average is $302.70 and its two-hundred day moving average is $303.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million for the quarter, compared to analysts’ expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 earnings per share. On average, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

About Saia

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.