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

New York State Common Retirement Fund lowered its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.29% of Saia worth $33,829,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SAIA. Contravisory Investment Management Inc. acquired a new stake in shares of Saia during the fourth quarter worth about $26,000. NBC Securities Inc. acquired a new stake in shares of Saia during the third quarter worth about $54,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Saia during the third quarter worth about $59,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Saia during the third quarter worth about $60,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of Saia during the third quarter worth about $75,000.

Insiders Place Their Bets

In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares of the company's stock, valued at approximately $3,136,228.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company's stock, valued at approximately $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas L. Col sold 1,812 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares of the company's stock, valued at $3,136,228.25. The disclosure for this sale can be found here. In the last three months, insiders sold 27,699 shares of company stock valued at $14,966,813. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAIA. UBS Group increased their target price 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. Susquehanna increased their price target on shares of Saia from $500.00 to $625.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. Benchmark increased their price target on shares of Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. initiated coverage on shares of Saia in a report on Monday, March 11th. They set an "overweight" rating and a $676.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $500.84.

Saia Stock Down 21.0 %

Shares of SAIA traded down $114.21 during mid-day trading on Friday, reaching $428.81. 2,210,367 shares of the company's stock were exchanged, compared to its average volume of 313,528. The company has a 50-day simple moving average of $570.78 and a two-hundred day simple moving average of $478.85. Saia, Inc. has a 52-week low of $247.63 and a 52-week high of $628.34. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.71 and a beta of 1.62.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.13. The business had revenue of $751.10 million during the quarter, compared to analysts' expectations of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company's revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. As a group, equities research analysts predict that Saia, Inc. will post 16.13 EPS for the current fiscal year.

About Saia

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.