Public Employees Retirement Association of Colorado Sells 121 Shares of Saia, Inc. (NASDAQ:SAIA)

Public Employees Retirement Association of Colorado cut its stake in Saia, Inc. (NASDAQ:SAIA) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,839 shares of the transportation company’s stock after selling 121 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Saia were worth $1,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pineridge Advisors LLC bought a new stake in shares of Saia in the 4th quarter valued at $26,000. Core Wealth Advisors Inc. bought a new stake in Saia during the fourth quarter valued at $32,000. Blue Trust Inc. grew its holdings in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the period. Rise Advisors LLC bought a new position in shares of Saia in the 1st quarter worth about $40,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Saia in the 2nd quarter valued at about $42,000.

Analyst Ratings Changes

SAIA has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Susquehanna lifted their price target on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Barclays cut their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, Bank of America boosted their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Saia has a consensus rating of “Hold” and a consensus target price of $479.07.

Saia Trading Up 3.2 %

Shares of SAIA stock opened at $455.73 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.05 and a beta of 1.74. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a 50-day simple moving average of $412.43 and a two-hundred day simple moving average of $458.57.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Research analysts anticipate that Saia, Inc. will post 13.92 EPS for the current fiscal year.

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.