Teacher Retirement System of Texas Takes Position in Saia, Inc. (NASDAQ:SAIA)

Teacher Retirement System of Texas purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,194 shares of the transportation company's stock, valued at approximately $544,000.

A number of other large investors also recently bought and sold shares of SAIA. Citigroup Inc. raised its position in shares of Saia by 27.2% in the 3rd quarter. Citigroup Inc. now owns 13,731 shares of the transportation company's stock worth $6,004,000 after buying an additional 2,938 shares during the period. BNP Paribas Financial Markets increased its stake in Saia by 61.7% during the third 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. Glenmede Trust Co. NA raised its holdings in shares of Saia by 47.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company's stock worth $285,000 after purchasing an additional 209 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Saia in the 3rd quarter valued at about $854,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Saia by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company's stock worth $2,631,000 after purchasing an additional 114 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently commented on SAIA. TD Cowen raised their price target on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Susquehanna cut their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday. Stephens reaffirmed an "overweight" rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $509.72.

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Insider Transactions at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Down 13.7 %

SAIA traded down $50.85 during trading on Thursday, hitting $319.97. The company had a trading volume of 1,022,088 shares, compared to its average volume of 435,584. The company has a market cap of $8.52 billion, a PE ratio of 23.68, a P/E/G ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $307.73 and a 1-year high of $624.55. The business has a 50-day moving average of $419.81 and a 200-day moving average of $462.37.

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

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.