Retirement Systems of Alabama Sells 2,210 Shares of Saia, Inc. (NASDAQ:SAIA)

Retirement Systems of Alabama reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,100 shares of the transportation company's stock after selling 2,210 shares during the quarter. Retirement Systems of Alabama owned 0.14% of Saia worth $16,660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock worth $110,000 after acquiring an additional 22 shares in the last quarter. LRI Investments LLC increased its stake in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock worth $183,000 after buying an additional 24 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock valued at $337,000 after acquiring an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after acquiring an additional 30 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after purchasing an additional 42 shares in the last quarter.

Saia Price Performance

Saia stock traded up $7.66 during mid-day trading on Monday, hitting $536.31. The company's stock had a trading volume of 308,451 shares, compared to its average volume of 383,173. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The stock's fifty day moving average price is $505.24 and its two-hundred day moving average price is $456.51. The stock has a market capitalization of $14.26 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.96 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million for the quarter, compared to analysts' expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.67 earnings per share. Research analysts forecast that Saia, Inc. will post 13.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company's stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

SAIA has been the topic of several research reports. Bank of America upped their price objective on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Citigroup lowered their target price on Saia from $651.00 to $644.00 and set a "buy" rating for the company in a report on Wednesday, December 4th. Benchmark reaffirmed a "buy" rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. Finally, Susquehanna increased their price objective on shares of Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $514.88.

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.