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

Teacher Retirement System of Texas acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,194 shares of the transportation company’s stock, valued at approximately $544,000.

Other large investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its position in shares of Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after acquiring an additional 105,356 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Saia during the fourth quarter worth about $46,514,000. Stephens Investment Management Group LLC acquired a new position in Saia in the 4th quarter valued at about $45,767,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Saia in the 3rd quarter valued at approximately $22,979,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Saia during the 4th quarter worth approximately $15,577,000.

Analyst Ratings Changes

A number of research firms recently commented on SAIA. Wells Fargo & Company decreased their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday. The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. Susquehanna boosted their price objective on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $520.28.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Saia Stock Down 4.5 %

Saia stock opened at $359.00 on Monday. The firm has a market capitalization of $9.56 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.24 and a beta of 1.89. The stock’s fifty day simple moving average is $431.71 and its 200-day simple moving average is $465.06. Saia, Inc. has a twelve month low of $342.68 and a twelve month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the company earned $3.33 EPS. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 15.46 earnings per share 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.