Retirement Systems of Alabama Has $16.66 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Retirement Systems of Alabama lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,100 shares of the transportation company’s stock after selling 2,210 shares during the quarter. Retirement Systems of Alabama owned about 0.14% of Saia worth $16,660,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC raised its position in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after buying an additional 24 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its position in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after buying an additional 30 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the period.

Analyst Ratings Changes

SAIA has been the subject of a number of recent analyst reports. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Susquehanna upped their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Finally, Citigroup decreased their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and a consensus price target of $514.88.

Saia Stock Performance

Shares of SAIA stock opened at $528.65 on Monday. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.96 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $503.01 and its 200-day moving average price is $455.57. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the business earned $3.67 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 13.51 EPS for the current year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Saia 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.