Public Employees Retirement System of Ohio Takes $3.60 Million Position in Saia, Inc. $SAIA

Public Employees Retirement System of Ohio bought a new position in Saia, Inc. (NASDAQ:SAIA) in the 2nd quarter, Holdings Channel.com reports. The fund bought 8,555 shares of the transportation company’s stock, valued at approximately $3,603,000.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after purchasing an additional 672 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after purchasing an additional 1,356 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Saia during the 2nd quarter valued at approximately $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new stake in Saia during the 2nd quarter valued at approximately $13,943,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Monday, August 3rd. TD Cowen lowered their target price on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Susquehanna upped their target price on shares of Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Morgan Stanley reduced their price target on shares of Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Finally, Bank of America raised shares of Saia from a “neutral” rating to a “buy” rating and increased their price objective for the company from $499.00 to $502.00 in a report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average target price of $449.67.

Saia Stock Up 4.1%

Shares of SAIA opened at $345.81 on Friday. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 1.49 and a beta of 2.14. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The business’s 50 day simple moving average is $388.89 and its 200-day simple moving average is $404.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The firm had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same period last year, the firm posted $2.67 earnings per share. Saia’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 11.44 earnings per share for the current fiscal year.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.