Saia, Inc. (NASDAQ:SAIA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 10.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 77,196 shares of the transportation company’s stock after selling 8,940 shares during the period. New York State Common Retirement Fund owned about 0.29% of Saia worth $33,829,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in Saia in the 4th quarter valued at approximately $26,000. NBC Securities Inc. acquired a new position in shares of Saia in the third quarter worth $54,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Saia in the third quarter worth $59,000. Cullen Frost Bankers Inc. acquired a new position in shares of Saia in the third quarter worth $60,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Saia in the third quarter worth $75,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on SAIA shares. Benchmark boosted their price target on shares of Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. UBS Group boosted their price target on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Raymond James boosted their price target on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. BMO Capital Markets boosted their target price on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and boosted their target price for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $500.84.

Insider Activity

In related news, VP Rohit Lal sold 2,870 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas L. Col sold 1,812 shares of the company’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 transaction, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,699 shares of company stock valued at $14,966,813. Insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $543.02 on Friday. The company has a 50-day simple moving average of $570.97 and a 200-day simple moving average of $478.40. Saia, Inc. has a one year low of $244.69 and a one year high of $628.34. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.71 and a beta of 1.62.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. During the same period in the prior year, the company earned $2.65 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Saia, Inc. will post 16.13 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.