California Public Employees Retirement System Has $12.85 Million Stock Position in Saia, Inc. $SAIA

California Public Employees Retirement System lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,577 shares of the transportation company’s stock after acquiring an additional 2,033 shares during the period. California Public Employees Retirement System owned approximately 0.14% of Saia worth $12,849,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Viking Global Investors LP boosted its holdings in shares of Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares during the last quarter. Invesco Ltd. increased its holdings in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after buying an additional 222,494 shares during the last quarter. Wasatch Advisors LP increased its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after buying an additional 166,486 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Saia by 33.0% in the fourth quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company’s stock worth $241,885,000 after acquiring an additional 183,669 shares during the period.

Analysts Set New Price Targets

A number of analysts have issued reports on SAIA shares. Weiss Ratings raised Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Morgan Stanley lifted their price objective on Saia from $265.00 to $295.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Stephens upgraded Saia to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, TD Cowen upped their price objective on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $462.72.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $423.68 on Friday. The company has a 50 day moving average of $444.97 and a 200 day moving average of $405.03. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock has a market cap of $11.30 billion, a P/E ratio of 44.50, a P/E/G ratio of 2.00 and a beta of 2.13. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. As a group, sell-side analysts forecast that Saia, Inc. will post 11.46 EPS 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.