State of New Jersey Common Pension Fund D Reduces Stock Position in Saia, Inc. (NASDAQ:SAIA)

State of New Jersey Common Pension Fund D trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,983 shares of the transportation company’s stock after selling 271 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Saia were worth $4,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Saia in the 3rd quarter worth about $213,000. Apollon Wealth Management LLC acquired a new stake in shares of Saia in the 4th quarter valued at about $252,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Saia by 63.8% during the third quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock worth $259,000 after purchasing an additional 231 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Barclays dropped their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Jefferies Financial Group raised their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Insiders Place Their Bets

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Saia Price Performance

Shares of NASDAQ SAIA opened at $476.40 on Thursday. The firm’s 50-day simple moving average is $484.32 and its 200 day simple moving average is $465.90. The stock has a market cap of $12.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.41 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.33 earnings per share. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.