Louisiana State Employees Retirement System held its stake in shares of Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,400 shares of the transportation company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Saia were worth $534,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the period. Mason Street Advisors LLC increased its stake in shares of Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the period. Capstone Asset Management Co. increased its stake in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Saia during the first quarter worth $332,000. 98.43% of the stock is owned by institutional investors.

Shares of Saia, Inc. (SAIA) traded down 0.09% during trading on Thursday, reaching $53.25. 44,921 shares of the company traded hands. The firm’s 50-day moving average is $52.01 and its 200-day moving average is $47.84. The stock has a market capitalization of $1.35 billion, a PE ratio of 25.84 and a beta of 0.78. Saia, Inc. has a 12-month low of $27.96 and a 12-month high of $58.00.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The business had revenue of $358.20 million during the quarter, compared to analysts’ expectations of $348.53 million. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post $2.21 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Cowen and Company upped their price target on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 price target (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Saia from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Saia currently has a consensus rating of “Buy” and an average target price of $52.33.

In other Saia news, Director Herbert A. Trucksess III sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $54.33, for a total value of $814,950.00. Following the completion of the transaction, the director now owns 183,442 shares of the company’s stock, valued at approximately $9,966,403.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas Wayne Rockel sold 3,112 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $53.70, for a total transaction of $167,114.40. Following the completion of the transaction, the director now directly owns 7,314 shares of the company’s stock, valued at approximately $392,761.80. The disclosure for this sale can be found here. In the last three months, insiders sold 54,512 shares of company stock valued at $2,948,508. Corporate insiders own 1.50% of the company’s stock.

Saia Company Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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