Royal Bank of Canada Purchases 3,840 Shares of Saia, Inc. (NASDAQ:SAIA)

Royal Bank of Canada boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.24% of Saia worth $29,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Interval Partners LP bought a new position in shares of Saia during the fourth quarter valued at $89,229,000. Driehaus Capital Management LLC raised its stake in shares of Saia by 9.0% during the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock valued at $34,511,000 after acquiring an additional 6,274 shares during the last quarter. Highview Capital Management LLC DE bought a new position in shares of Saia during the fourth quarter valued at $1,324,000. Y Intercept Hong Kong Ltd bought a new position in shares of Saia during the fourth quarter valued at $3,363,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after acquiring an additional 4,972 shares during the last quarter.

Saia Stock Up 0.1%

Shares of NASDAQ SAIA traded up $0.18 during mid-day trading on Thursday, reaching $268.28. 125,817 shares of the company's stock traded hands, compared to its average volume of 494,874. The stock has a market cap of $7.15 billion, a P/E ratio of 19.86, a PEG ratio of 2.24 and a beta of 2.03. The business has a 50-day simple moving average of $307.40 and a 200 day simple moving average of $416.77. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 earnings per share. On average, analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research report on Monday, April 28th. Wells Fargo & Company decreased their price objective on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Citigroup decreased their price objective on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.