State of New Jersey Common Pension Fund D Has $4.86 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

State of New Jersey Common Pension Fund D decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 32.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,254 shares of the transportation company’s stock after selling 4,909 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Saia were worth $4,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAIA. Vanguard Group Inc. grew its holdings in Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after acquiring an additional 15,605 shares during the period. Capital Research Global Investors increased its holdings in Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Saia by 1.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after purchasing an additional 15,317 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in Saia by 1.5% during the fourth quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock worth $248,876,000 after buying an additional 8,599 shares during the last quarter.

Saia Trading Up 0.5 %

NASDAQ:SAIA opened at $434.81 on Tuesday. The company has a 50 day simple moving average of $415.01 and a two-hundred day simple moving average of $465.81. The company has a market cap of $11.56 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAIA shares. Barclays lowered their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. BMO Capital Markets lowered their price objective on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and reduced their target price for the stock from $526.00 to $475.00 in a report on Friday, May 24th. Benchmark restated a “buy” rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 5th. Finally, Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Two equities research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $476.73.

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.