New York State Common Retirement Fund Trims Stake in Saia, Inc. (SAIA)

New York State Common Retirement Fund cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,300 shares of the transportation company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Saia worth $1,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans boosted its stake in shares of Saia by 5.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 722,480 shares of the transportation company’s stock worth $37,063,000 after acquiring an additional 38,530 shares in the last quarter. Laurion Capital Management LP bought a new stake in shares of Saia during the 2nd quarter worth $468,000. Elk Creek Partners LLC boosted its stake in shares of Saia by 3.1% during the 2nd quarter. Elk Creek Partners LLC now owns 265,768 shares of the transportation company’s stock worth $13,634,000 after acquiring an additional 8,066 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Saia by 32.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 220,567 shares of the transportation company’s stock worth $11,315,000 after acquiring an additional 54,438 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Saia by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after acquiring an additional 347 shares in the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on SAIA shares. Cowen and Company raised their price objective on Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $48.00 price objective (up from $44.00) on shares of Saia in a research note on Monday, July 31st. BidaskClub lowered Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $50.33.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/10/31/new-york-state-common-retirement-fund-trims-stake-in-saia-inc-saia.html.

In other news, Director Douglas Wayne Rockel sold 3,112 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $53.70, for a total value of $167,114.40. Following the completion of the transaction, the director now owns 7,314 shares of the company’s stock, valued at approximately $392,761.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Herbert A. Trucksess III sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.54, for a total transaction of $565,400.00. Following the completion of the transaction, the director now directly owns 158,442 shares of the company’s stock, valued at approximately $8,958,310.68. The disclosure for this sale can be found here. Insiders sold a total of 23,176 shares of company stock valued at $1,272,058 in the last three months. 1.50% of the stock is owned by company insiders.

Shares of Saia, Inc. (NASDAQ SAIA) opened at 64.35 on Tuesday. Saia, Inc. has a 12-month low of $34.20 and a 12-month high of $67.35. The stock has a 50 day moving average price of $60.16 and a 200-day moving average price of $52.68. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 31.22 and a beta of 0.84.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. The firm had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. During the same period last year, the firm earned $0.54 EPS. Saia’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post $2.17 EPS for the current fiscal year.

Saia 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.

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

What are top analysts saying about Saia Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Saia Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit