Maryland State Retirement & Pension System Reduces Holdings in Saia, Inc. (NASDAQ:SAIA)

Maryland State Retirement & Pension System lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 12.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238 shares of the transportation company’s stock after selling 176 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Saia were worth $433,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Interval Partners LP purchased a new position in Saia during the fourth quarter valued at approximately $89,229,000. Driehaus Capital Management LLC lifted its holdings in Saia by 9.0% during the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company’s stock valued at $34,511,000 after purchasing an additional 6,274 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Saia during the fourth quarter valued at approximately $908,000. First Trust Advisors LP lifted its holdings in Saia by 76.2% during the fourth quarter. First Trust Advisors LP now owns 24,739 shares of the transportation company’s stock valued at $11,274,000 after purchasing an additional 10,695 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its position in Saia by 55.6% in the first quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company’s stock worth $3,832,000 after purchasing an additional 3,940 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAIA. Benchmark boosted their price target on shares of Saia from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Saia from $295.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Raymond James Financial set a $310.00 price target on shares of Saia and gave the stock an “outperform” rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Saia to a “sell” rating in a research report on Tuesday, May 13th. Finally, Bank of America boosted their price target on shares of Saia from $251.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $347.16.

Saia Stock Down 1.9%

NASDAQ:SAIA opened at $299.40 on Friday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a 50-day moving average of $287.94 and a 200 day moving average of $329.91. The firm has a market cap of $7.97 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 14.08 and a beta of 1.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same period in the prior year, the firm earned $3.83 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.