Texas Permanent School Fund Corp Acquires 301 Shares of Saia, Inc. (NASDAQ:SAIA)

Texas Permanent School Fund Corp boosted its holdings in Saia, Inc. (NASDAQ:SAIA) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,235 shares of the transportation company’s stock after buying an additional 301 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of Saia worth $13,592,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia in the fourth quarter valued at $26,000. Pineridge Advisors LLC acquired a new position in shares of Saia in the fourth quarter valued at $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia in the fourth quarter valued at $32,000. Rise Advisors LLC acquired a new position in shares of Saia in the first quarter valued at $40,000. Finally, GAMMA Investing LLC acquired a new position in shares of Saia in the fourth quarter valued at $43,000.

Saia Trading Down 0.1 %

NASDAQ:SAIA traded down $0.26 during mid-day trading on Friday, hitting $450.42. The company had a trading volume of 3,362 shares, compared to its average volume of 365,937. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The business’s fifty day moving average is $431.80 and its two-hundred day moving average is $489.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $11.98 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.57 and a beta of 1.72.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.85 EPS. As a group, research analysts expect that Saia, Inc. will post 15.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SAIA. TD Cowen upped their price target on Saia from $473.00 to $475.00 and gave the company a “hold” rating in a research report on Thursday, June 6th. Benchmark upped their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Susquehanna lowered their price target on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company began coverage on Saia in a report on Friday, June 7th. They set an “equal weight” rating and a $445.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $498.00.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. purchased 500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

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.