New York State Common Retirement Fund Sells 1,279 Shares of Saia, Inc. (NASDAQ:SAIA)

New York State Common Retirement Fund lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 1.6% in the third quarter, Holdings Channel.com reports. The fund owned 77,328 shares of the transportation company’s stock after selling 1,279 shares during the quarter. New York State Common Retirement Fund’s holdings in Saia were worth $33,812,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in shares of Saia by 172.7% during the third quarter. Stephens Inc. AR now owns 1,290 shares of the transportation company’s stock valued at $564,000 after purchasing an additional 817 shares during the period. Oak Ridge Investments LLC boosted its position in Saia by 3.4% in the 3rd quarter. Oak Ridge Investments LLC now owns 20,183 shares of the transportation company’s stock valued at $8,825,000 after buying an additional 666 shares during the period. US Bancorp DE grew its stake in Saia by 6.8% in the 3rd quarter. US Bancorp DE now owns 16,190 shares of the transportation company’s stock worth $7,079,000 after acquiring an additional 1,037 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Saia by 13.4% during the third quarter. Diversify Wealth Management LLC now owns 1,564 shares of the transportation company’s stock worth $646,000 after acquiring an additional 185 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of Saia by 14.0% during the third quarter. Hunter Associates Investment Management LLC now owns 6,551 shares of the transportation company’s stock worth $2,855,000 after acquiring an additional 804 shares during the period.

Analyst Ratings Changes

SAIA has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company upped their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Susquehanna raised their target price on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Barclays lowered their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $492.00.

Saia Stock Performance

Shares of SAIA opened at $480.69 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.78 billion, a PE ratio of 34.34, a P/E/G ratio of 2.81 and a beta of 1.73. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The stock has a fifty day moving average price of $431.41 and a 200-day moving average price of $433.88.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.67 earnings per share. Equities research analysts predict that Saia, Inc. will post 13.56 earnings per share for the current fiscal 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.