New York State Common Retirement Fund grew its position in shares of Saia Inc (NASDAQ:SAIA) by 6.3% during the first quarter, HoldingsChannel.com reports. The fund owned 26,800 shares of the transportation company’s stock after purchasing an additional 1,600 shares during the period. New York State Common Retirement Fund’s holdings in Saia were worth $1,637,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SAIA. JPMorgan Chase & Co. boosted its stake in Saia by 7.1% during the 1st quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock valued at $49,874,000 after purchasing an additional 54,050 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Saia by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock valued at $608,000 after purchasing an additional 180 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Saia by 4.0% during the 1st quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock valued at $507,000 after purchasing an additional 321 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Saia by 9.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 494,773 shares of the transportation company’s stock valued at $30,231,000 after buying an additional 41,239 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Saia by 63.2% during the 1st quarter. Raymond James & Associates now owns 6,115 shares of the transportation company’s stock valued at $374,000 after buying an additional 2,368 shares during the period.
In related news, VP Paul C. Peck sold 1,265 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the transaction, the vice president now directly owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
SAIA has been the topic of several research analyst reports. Stephens set a $71.00 price target on Saia and gave the company a “hold” rating in a report on Thursday, May 2nd. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a report on Wednesday, June 5th. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Cowen reissued a “hold” rating and set a $70.00 price target on shares of Saia in a report on Thursday, May 2nd. Finally, BidaskClub cut Saia from a “hold” rating to a “sell” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $72.58.
NASDAQ SAIA opened at $62.20 on Friday. Saia Inc has a 1-year low of $52.04 and a 1-year high of $84.85. The firm has a market cap of $1.60 billion, a PE ratio of 15.30 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18.
Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The company had revenue of $410.60 million during the quarter, compared to the consensus estimate of $410.25 million. During the same period in the prior year, the business posted $0.77 earnings per share. Saia’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Saia Inc will post 4.56 EPS for the current fiscal year.
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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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