Saia, Inc. $SAIA Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 41,005.2% in the 2nd quarter, Holdings Channel reports. The firm owned 12,708,503 shares of the transportation company’s stock after buying an additional 12,677,586 shares during the period. California State Teachers Retirement System owned approximately 0.48% of Saia worth $5,352,313,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in Saia in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Saia during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. lifted its position in shares of Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Quarry LP lifted its position in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 84 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Saia during the 4th quarter worth $36,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Susquehanna lifted their target price on Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Raymond James Financial decreased their price target on Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $476.00 price target on shares of Saia in a research note on Thursday, July 30th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $438.00 price objective on the stock in a report on Friday, July 31st. Finally, TD Cowen reduced their price objective on shares of Saia from $445.00 to $400.00 and set a “hold” rating for the company in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $448.89.

Saia Price Performance

SAIA opened at $346.55 on Thursday. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.57 and a beta of 2.14. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $383.32 and a 200 day moving average price of $403.60.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the previous year, the company posted $2.67 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 11.45 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.