Public Employees Retirement System of Ohio Cuts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Public Employees Retirement System of Ohio lowered its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,537 shares of the transportation company's stock after selling 1,658 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.05% of Saia worth $6,625,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SAIA. Alliancebernstein L.P. lifted its position in shares of Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after acquiring an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after acquiring an additional 371,232 shares during the last quarter. Select Equity Group L.P. acquired a new stake in shares of Saia in the fourth quarter valued at about $137,199,000. Interval Partners LP acquired a new stake in shares of Saia in the fourth quarter valued at about $89,229,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after buying an additional 153,896 shares in the last quarter.

Saia Stock Down 2.3%

Shares of NASDAQ:SAIA traded down $6.34 during trading on Friday, hitting $263.69. The stock had a trading volume of 532,636 shares, compared to its average volume of 497,100. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.02 billion, a PE ratio of 19.52, a PEG ratio of 2.24 and a beta of 2.03. The firm's fifty day moving average is $302.87 and its 200 day moving average is $411.06. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAIA. Citigroup raised their price objective on Saia from $288.00 to $317.00 and gave the company a "buy" rating in a research note on Friday. Susquehanna cut their price target on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group lowered their target price on Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research report on Thursday, May 1st. Finally, UBS Group decreased their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $338.95.

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.