Retirement Systems of Alabama Has $17.83 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Retirement Systems of Alabama lifted its position in Saia, Inc. (NASDAQ:SAIA) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,125 shares of the transportation company’s stock after buying an additional 1,025 shares during the quarter. Retirement Systems of Alabama owned about 0.15% of Saia worth $17,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new stake in Saia in the 3rd quarter worth approximately $40,000. Tobam acquired a new stake in shares of Saia in the third quarter worth $100,000. Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the period. GAMMA Investing LLC grew its stake in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after buying an additional 219 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Saia in the 3rd quarter worth $213,000.

Saia Trading Up 1.1 %

NASDAQ SAIA opened at $508.47 on Friday. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average is $492.66 and its 200 day moving average is $462.24.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.33 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 13.47 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SAIA shares. TD Cowen boosted their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday. Stephens reissued an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday. One research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $535.41.

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.