Royal Bank of Canada raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,800 shares of the transportation company's stock after purchasing an additional 6,872 shares during the quarter. Royal Bank of Canada owned 0.21% of Saia worth $19,601,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in Saia by 0.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 18,637 shares of the transportation company's stock valued at $6,547,000 after buying an additional 109 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Saia during the 1st quarter worth approximately $1,416,000. Quantinno Capital Management LP grew its stake in shares of Saia by 58.5% during the 1st quarter. Quantinno Capital Management LP now owns 9,310 shares of the transportation company's stock worth $3,271,000 after acquiring an additional 3,436 shares in the last quarter. SummitTX Capital L.P. grew its stake in shares of Saia by 1.1% during the 1st quarter. SummitTX Capital L.P. now owns 20,040 shares of the transportation company's stock worth $7,040,000 after acquiring an additional 219 shares in the last quarter. Finally, London Co. of Virginia raised its holdings in shares of Saia by 10.5% in the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company's stock valued at $30,484,000 after purchasing an additional 8,255 shares during the last quarter.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Benchmark reissued a "buy" rating on shares of Saia in a research report on Wednesday, June 3rd. Evercore upgraded shares of Saia from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $438.00 price target on the stock in a research report on Friday, July 31st. Morgan Stanley reduced their price objective on shares of Saia from $295.00 to $285.00 and set an "underweight" rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Saia in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Saia presently has an average rating of "Moderate Buy" and a consensus target price of $449.67.
View Our Latest Stock Analysis on Saia
Saia Trading Up 1.4%
Shares of NASDAQ:SAIA opened at $361.82 on Friday. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The company has a market capitalization of $9.65 billion, a P/E ratio of 34.92, a price-to-earnings-growth ratio of 1.61 and a beta of 2.14. The company has a 50-day simple moving average of $429.37 and a 200 day simple moving average of $406.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.38 by $0.13. The firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.67 earnings per share. Sell-side analysts forecast that Saia, Inc. will post 11.46 earnings per share for the current year.
Saia Company Profile
(
Free Report)
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.
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