Saia, Inc. (NASDAQ:SAIA) Position Cut by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,310 shares of the transportation company's stock after selling 2,672 shares during the quarter. Retirement Systems of Alabama owned 0.15% of Saia worth $19,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pineridge Advisors LLC purchased a new position in Saia during the fourth quarter valued at $26,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia during the 4th quarter valued at about $32,000. Blue Trust Inc. grew its stake in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after acquiring an additional 42 shares during the period. Rise Advisors LLC bought a new position in shares of Saia during the 1st quarter valued at approximately $40,000. Finally, GAMMA Investing LLC purchased a new stake in Saia in the 4th quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Bank of America lifted their price target on shares of Saia from $501.00 to $555.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Barclays dropped their target price on shares of Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a report on Monday, July 29th. Benchmark cut their price target on Saia from $575.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, July 29th. BMO Capital Markets lowered their target price on shares of Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a report on Monday, July 29th. Finally, TD Cowen cut their target price on shares of Saia from $475.00 to $416.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $488.87.

Saia Trading Up 2.0 %

Shares of NASDAQ SAIA traded up $8.06 during mid-day trading on Friday, reaching $402.33. The company had a trading volume of 215,260 shares, compared to its average volume of 396,141. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.72. Saia, Inc. has a 52 week low of $341.26 and a 52 week high of $628.34. The business's 50-day moving average is $434.75 and its 200-day moving average is $482.53. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). The company had revenue of $823.24 million during the quarter, compared to analysts' expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Equities analysts expect that Saia, Inc. will post 13.88 earnings per share for the current 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.