Teacher Retirement System of Texas Grows Stake in Saia, Inc. (NASDAQ:SAIA)

Teacher Retirement System of Texas lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 256.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,251 shares of the transportation company's stock after buying an additional 3,057 shares during the quarter. Teacher Retirement System of Texas' holdings in Saia were worth $1,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after buying an additional 26 shares during the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after buying an additional 26 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after buying an additional 29 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after buying an additional 30 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares during the last quarter.

Saia Price Performance

SAIA stock opened at $303.28 on Friday. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company's fifty day moving average price is $272.71 and its 200-day moving average price is $360.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $8.08 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 10.59 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. Saia's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.38 EPS. On average, equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SAIA. Wall Street Zen raised shares of Saia to a "sell" rating in a report on Tuesday, May 13th. Wells Fargo & Company raised their target price on shares of Saia from $260.00 to $290.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $285.00 to $295.00 and gave the company an "overweight" rating in a research report on Tuesday. Barclays upgraded shares of Saia from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $290.00 to $315.00 in a research note on Thursday. Finally, BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Saia presently has an average rating of "Moderate Buy" and an average target price of $338.26.

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.

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