Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,125 shares of the transportation company's stock after purchasing an additional 3,840 shares during the period. Royal Bank of Canada owned 0.24% of Saia worth $29,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Saia by 71.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,069 shares of the transportation company's stock valued at $2,766,000 after buying an additional 2,534 shares during the period. Mutual Advisors LLC lifted its stake in shares of Saia by 5.0% during the fourth quarter. Mutual Advisors LLC now owns 805 shares of the transportation company's stock valued at $397,000 after buying an additional 38 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Saia by 3.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after buying an additional 37 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $366,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $820,000.

Saia Stock Performance

Shares of Saia stock traded up $10.69 during trading hours on Tuesday, reaching $275.01. The company's stock had a trading volume of 904,277 shares, compared to its average volume of 497,807. The company's 50 day simple moving average is $310.84 and its 200 day simple moving average is $418.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The stock has a market cap of $7.32 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the previous year, the business posted $3.38 earnings per share. The company's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Susquehanna reduced their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Morgan Stanley set a $250.00 price objective on shares of Saia in a research note on Friday, April 25th. Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st. Finally, Stifel Nicolaus set a $277.00 price target on shares of Saia in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Saia has an average rating of "Hold" and an average target price of $345.16.

About Saia

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.