Retirement Systems of Alabama increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,125 shares of the transportation company's stock after acquiring an additional 1,025 shares during the period. Retirement Systems of Alabama owned about 0.15% of Saia worth $17,830,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new stake in Saia during the 3rd quarter worth $1,408,000. MML Investors Services LLC grew its position in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock worth $1,886,000 after acquiring an additional 2,041 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in Saia by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company's stock worth $27,285,000 after acquiring an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Saia during the 3rd quarter worth $22,979,000. Finally, BNP Paribas Financial Markets grew its position in Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock worth $1,617,000 after acquiring an additional 1,411 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Susquehanna boosted their price objective on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Barclays reduced their price target on Saia from $620.00 to $600.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Raymond James reduced their price target on Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $535.41.
Get Our Latest Stock Report on Saia
Saia Stock Up 0.8 %
SAIA stock traded up $4.08 during trading on Monday, reaching $493.59. 121,526 shares of the stock were exchanged, compared to its average volume of 382,816. The firm's 50 day moving average is $491.07 and its 200 day moving average is $461.95. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.13 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.
Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $3.33 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.
Insider Transactions at Saia
In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.
Saia Profile
(
Free Report)
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.
Further Reading

Before you consider Saia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saia wasn't on the list.
While Saia currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.