New York State Teachers Retirement System Cuts Stock Position in Saia, Inc. (NASDAQ:SAIA)

New York State Teachers Retirement System trimmed its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,310 shares of the transportation company's stock after selling 565 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Saia worth $10,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock worth $337,000 after acquiring an additional 26 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 30 shares during the period. UMB Bank n.a. boosted its stake in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock worth $1,689,000 after purchasing an additional 37 shares during the period. Avior Wealth Management LLC grew its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after buying an additional 37 shares in the last quarter. Finally, Greenleaf Trust increased its position in shares of Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock valued at $279,000 after buying an additional 37 shares during the period.

Insider Transactions at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

SAIA has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Saia from $443.00 to $529.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Susquehanna boosted their price target on shares of Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $535.41.

Saia Trading Down 4.7 %

SAIA stock traded down $22.50 during midday trading on Thursday, hitting $453.90. The company had a trading volume of 365,778 shares, compared to its average volume of 371,905. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.49 and a beta of 1.79. Saia, Inc. has a 52 week low of $358.90 and a 52 week 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 stock's 50 day moving average price is $482.92 and its 200 day moving average price is $465.82.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.33 earnings per share. As a group, equities research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.