Saia, Inc. (NASDAQ:SAIA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 77,328 shares of the transportation company's stock after selling 1,279 shares during the period. New York State Common Retirement Fund owned 0.29% of Saia worth $33,812,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors grew its position in shares of Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company's stock worth $625,559,000 after purchasing an additional 149,074 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock valued at $75,817,000 after purchasing an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Saia during the 1st quarter worth approximately $27,733,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock worth $17,016,000 after acquiring an additional 38,827 shares during the last quarter.

Saia Stock Performance

SAIA traded down $7.92 on Friday, reaching $480.69. 262,647 shares of the stock were exchanged, compared to its average volume of 403,838. The company's 50-day moving average price is $431.41 and its 200 day moving average price is $433.03. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The firm has a market capitalization of $12.78 billion, a PE ratio of 34.34, a PEG ratio of 2.81 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to analysts' expectations of $839.82 million. During the same quarter in the prior year, the firm earned $3.67 EPS. Saia's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Saia, Inc. will post 13.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays reduced their price objective on Saia from $575.00 to $515.00 and set an "overweight" rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Benchmark restated a "buy" rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. BMO Capital Markets raised their price objective on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group cut their price target on Saia from $510.00 to $490.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $492.00.

Saia Company 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.