California Public Employees Retirement System Has $2.51 Million Holdings in Saia Inc (SAIA)

California Public Employees Retirement System reduced its stake in shares of Saia Inc (NASDAQ:SAIA) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,903 shares of the transportation company’s stock after selling 6,092 shares during the quarter. California Public Employees Retirement System owned 0.17% of Saia worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Saia by 3.2% in the third quarter. BlackRock Inc. now owns 3,674,683 shares of the transportation company’s stock valued at $280,930,000 after purchasing an additional 112,912 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Saia by 29.8% in the third quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after purchasing an additional 592,115 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Saia by 29.8% in the third quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after purchasing an additional 592,115 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Saia by 0.6% in the fourth quarter. Jennison Associates LLC now owns 1,083,062 shares of the transportation company’s stock valued at $60,457,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Saia by 16.4% in the third quarter. Franklin Resources Inc. now owns 379,380 shares of the transportation company’s stock valued at $29,004,000 after purchasing an additional 53,416 shares in the last quarter.

Shares of Saia stock traded up $0.01 during trading hours on Monday, hitting $67.19. The company’s stock had a trading volume of 326,900 shares, compared to its average volume of 222,769. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.84 and a beta of 1.07. Saia Inc has a 1-year low of $52.04 and a 1-year high of $87.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Monday, February 4th. The transportation company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.09. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $396.82 million. Saia had a net margin of 6.35% and a return on equity of 15.95%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, research analysts expect that Saia Inc will post 4.65 EPS for the current fiscal year.

In other Saia news, CEO Richard D. Odell sold 15,000 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $64.60, for a total transaction of $969,000.00. Following the completion of the transaction, the chief executive officer now directly owns 20,502 shares of the company’s stock, valued at approximately $1,324,429.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Frederick J. Holzgrefe III sold 36,680 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $66.60, for a total transaction of $2,442,888.00. Following the transaction, the chief operating officer now directly owns 45,196 shares of the company’s stock, valued at $3,010,053.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,493 shares of company stock valued at $5,603,832. 1.30% of the stock is owned by company insiders.

Several brokerages recently issued reports on SAIA. BidaskClub raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, February 21st. Seaport Global Securities reissued a “neutral” rating on shares of Saia in a research note on Friday, April 5th. ValuEngine downgraded shares of Saia from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Buckingham Research set a $84.00 price target on shares of Saia and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.32.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/15/saia-inc-saia-shares-sold-by-california-public-employees-retirement-system.html.

Saia Company Profile

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services.

Further Reading: Put Option

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.