California State Teachers Retirement System Has $12.71 Million Holdings in Saia, Inc. $SAIA

California State Teachers Retirement System cut its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,175 shares of the transportation company's stock after selling 742 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Saia worth $12,708,503 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Norges Bank purchased a new stake in shares of Saia in the fourth quarter worth $130,411,000. Jupiter Topco LLC acquired a new stake in Saia in the 2nd quarter valued at about $140,979,000. William Blair Investment Management LLC purchased a new position in Saia in the second quarter valued at $109,089,000. Northwestern Mutual Wealth Management Co. raised its position in Saia by 42,417.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 177,296 shares of the transportation company's stock worth $57,891,000 after buying an additional 176,879 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in Saia during the fourth quarter worth approximately $57,479,000.

Saia Trading Up 1.9%

SAIA traded up $6.71 during trading on Tuesday, hitting $357.74. 164,658 shares of the stock traded hands, compared to its average volume of 482,724. The firm has a 50-day moving average of $379.26 and a 200 day moving average of $402.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $9.54 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.83 and a beta of 2.14. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 EPS. Equities research analysts anticipate that Saia, Inc. will post 11.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SAIA shares. Benchmark reaffirmed a "buy" rating on shares of Saia in a research note on Wednesday, June 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Saia in a report on Monday, August 3rd. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $438.00 target price for the company in a report on Friday, July 31st. Susquehanna increased their target price on Saia from $465.00 to $470.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Saia from $490.00 to $400.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Saia has a consensus rating of "Moderate Buy" and a consensus price target of $448.37.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia's services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.

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