Ensign Peak Advisors Inc Sells 1,034 Shares of Saia, Inc. $SAIA

Ensign Peak Advisors Inc decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 9.4% in the 2nd quarter, Holdings Channel reports. The fund owned 9,957 shares of the transportation company’s stock after selling 1,034 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Saia were worth $2,728,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Saia by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,843 shares of the transportation company’s stock worth $1,875,000 after purchasing an additional 486 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Saia by 5.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,104 shares of the transportation company’s stock valued at $2,768,000 after purchasing an additional 482 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Saia by 4.2% during the second quarter. TimesSquare Capital Management LLC now owns 121,315 shares of the transportation company’s stock worth $33,239,000 after buying an additional 4,915 shares during the period. ProShare Advisors LLC grew its holdings in shares of Saia by 3.8% during the second quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after buying an additional 45 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares in the last quarter.

Saia Price Performance

NASDAQ:SAIA opened at $279.47 on Thursday. The stock has a market capitalization of $7.45 billion, a PE ratio of 25.81, a P/E/G ratio of 12.90 and a beta of 2.07. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $587.86. The firm has a fifty day simple moving average of $290.53 and a 200 day simple moving average of $289.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. During the same quarter last year, the company posted $3.46 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on SAIA. Evercore ISI cut their target price on Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Saia from $360.00 to $346.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Citigroup reduced their target price on shares of Saia from $371.00 to $365.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Saia in a research note on Monday. Finally, Raymond James Financial cut their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.10.

Insider Transactions at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

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.