California Public Employees Retirement System Purchases 2,033 Shares of Saia, Inc. $SAIA

California Public Employees Retirement System boosted its position in Saia, Inc. (NASDAQ:SAIA) by 5.9% during the first quarter, Holdings Channel.com reports. The fund owned 36,577 shares of the transportation company’s stock after acquiring an additional 2,033 shares during the period. California Public Employees Retirement System’s holdings in Saia were worth $12,849,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SAIA. Marks Group Wealth Management Inc raised its position in Saia by 32.9% during the 1st quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock valued at $6,688,000 after purchasing an additional 4,717 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Saia during the first quarter valued at approximately $2,085,000. State of Michigan Retirement System increased its stake in shares of Saia by 1.6% during the first quarter. State of Michigan Retirement System now owns 6,386 shares of the transportation company’s stock valued at $2,243,000 after buying an additional 100 shares during the period. Principal Financial Group Inc. increased its stake in shares of Saia by 3.8% during the first quarter. Principal Financial Group Inc. now owns 59,496 shares of the transportation company’s stock valued at $20,900,000 after buying an additional 2,171 shares during the period. Finally, Diversify Wealth Management LLC raised its holdings in shares of Saia by 26.3% during the first quarter. Diversify Wealth Management LLC now owns 3,243 shares of the transportation company’s stock valued at $1,139,000 after acquiring an additional 675 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAIA. Susquehanna lifted their price target on shares of Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Stifel Nicolaus set a $450.00 target price on shares of Saia in a research report on Friday, May 1st. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, TD Cowen boosted their price target on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $462.72.

Saia Price Performance

SAIA opened at $423.68 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 2.00 and a beta of 2.13. The stock has a fifty day simple moving average of $444.97 and a two-hundred day simple moving average of $405.03. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. Research analysts predict that Saia, Inc. will post 11.46 earnings per share for the current fiscal year.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.