Saia, Inc. (NASDAQ:SAIA) Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 32.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,254 shares of the transportation company's stock after selling 4,909 shares during the period. State of New Jersey Common Pension Fund D's holdings in Saia were worth $4,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SAIA. National Bank of Canada FI bought a new stake in shares of Saia in the fourth quarter worth $44,000. Principal Securities Inc. bought a new stake in shares of Saia in the 4th quarter worth about $146,000. Norges Bank acquired a new stake in shares of Saia in the 4th quarter valued at about $201,117,000. UBS Group AG lifted its position in shares of Saia by 45.2% during the fourth quarter. UBS Group AG now owns 33,065 shares of the transportation company's stock worth $14,490,000 after purchasing an additional 10,297 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Saia by 9.3% in the fourth quarter. Wells Fargo & Company MN now owns 171,279 shares of the transportation company's stock worth $75,058,000 after purchasing an additional 14,502 shares in the last quarter.

Saia Stock Performance

Shares of SAIA traded up $3.56 during mid-day trading on Tuesday, reaching $438.37. 288,151 shares of the company's stock traded hands, compared to its average volume of 392,279. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The business's 50-day moving average price is $414.52 and its 200-day moving average price is $464.82. The stock has a market capitalization of $11.66 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Equities analysts predict that Saia, Inc. will post 13.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIA. Wells Fargo & Company upped their price objective on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research note on Thursday, September 5th. BMO Capital Markets reduced their price objective on Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. TD Cowen boosted their target price on shares of Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Finally, Bank of America lifted their price target on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $476.73.

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.