Arizona State Retirement System lifted its stake in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,452 shares of the transportation company’s stock after purchasing an additional 276 shares during the period. Arizona State Retirement System’s holdings in Saia were worth $1,563,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Saia by 3.0% in the third quarter. BlackRock Inc. now owns 3,156,182 shares of the transportation company’s stock valued at $599,674,000 after purchasing an additional 92,688 shares during the period. Vanguard Group Inc. lifted its stake in shares of Saia by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock valued at $641,815,000 after purchasing an additional 39,660 shares during the period. Capital International Investors lifted its stake in shares of Saia by 10.2% in the first quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after purchasing an additional 146,262 shares during the period. State Street Corp lifted its stake in shares of Saia by 4.1% in the first quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock valued at $218,616,000 after purchasing an additional 35,076 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Saia by 49.6% in the first quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock valued at $173,648,000 after purchasing an additional 236,105 shares during the period.
Saia Price Performance
Saia stock opened at $281.99 on Friday. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $306.40. The firm has a 50 day moving average price of $275.65 and a 200 day moving average price of $253.02. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 3.53 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 1.90.
Insider Activity at Saia
In related news, Director Donna E. Epps sold 240 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $280.85, for a total value of $67,404.00. Following the completion of the sale, the director now directly owns 1,983 shares in the company, valued at $556,925.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Saia news, Director Donna E. Epps sold 240 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $280.85, for a total transaction of $67,404.00. Following the completion of the sale, the director now directly owns 1,983 shares in the company, valued at $556,925.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Odell sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $293.90, for a total transaction of $734,750.00. Following the sale, the director now owns 5,989 shares of the company’s stock, valued at $1,760,167.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,953 shares of company stock worth $1,450,996. 0.50% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on SAIA shares. The Goldman Sachs Group lifted their target price on shares of Saia from $232.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Citigroup lifted their target price on shares of Saia from $232.00 to $294.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Benchmark lifted their target price on shares of Saia from $320.00 to $330.00 in a research report on Monday, May 1st. Wells Fargo & Company lifted their target price on shares of Saia from $242.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Finally, Stephens lifted their target price on shares of Saia from $265.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of “Hold” and a consensus target price of $294.94.
About Saia
Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.
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