Retirement Systems of Alabama Raises Holdings in Saia, Inc. (NASDAQ:SAIA)

Retirement Systems of Alabama increased its position in Saia, Inc. (NASDAQ:SAIA) by 0.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,891 shares of the transportation company’s stock after buying an additional 118 shares during the period. Retirement Systems of Alabama’s holdings in Saia were worth $17,919,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAIA. Artisan Partners Limited Partnership increased its holdings in Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock valued at $319,755,000 after purchasing an additional 325,031 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Saia by 3.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock worth $314,215,000 after purchasing an additional 26,798 shares in the last quarter. Invesco Ltd. grew its stake in Saia by 9.9% in the third quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock worth $281,335,000 after purchasing an additional 63,794 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Saia by 53.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after purchasing an additional 230,058 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in Saia by 4.7% in the fourth quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company’s stock worth $139,755,000 after purchasing an additional 14,449 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIA. JPMorgan Chase & Co. decreased their price target on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday. Bank of America decreased their price target on Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research note on Monday. UBS Group decreased their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and lifted their price target for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. Finally, BMO Capital Markets decreased their price target on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $481.50.

Saia Price Performance

NASDAQ SAIA opened at $396.83 on Wednesday. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The firm has a market capitalization of $10.55 billion, a PE ratio of 28.76, a P/E/G ratio of 1.35 and a beta of 1.62. The company’s 50 day simple moving average is $563.39 and its 200 day simple moving average is $479.90.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the prior year, the business earned $2.85 EPS. Saia’s revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts forecast that Saia, Inc. will post 16.13 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Douglas L. Col sold 1,812 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 over the last quarter. 0.30% of the stock is currently owned by company insiders.

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.