Royce & Associates LP Raises Stock Position in Saia, Inc. $SAIA

Royce & Associates LP lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 517.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 72,431 shares of the transportation company’s stock after acquiring an additional 60,700 shares during the quarter. Royce & Associates LP’s holdings in Saia were worth $23,650,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after buying an additional 594,674 shares during the last quarter. Capital International Investors raised its position in Saia by 0.8% in the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after purchasing an additional 11,454 shares during the last quarter. Viking Global Investors LP raised its position in Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Wasatch Advisors LP raised its position in Saia by 25.3% in the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the last quarter. Finally, Invesco Ltd. raised its position in Saia by 1,300.4% in the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the last quarter.

Saia Stock Performance

Shares of SAIA opened at $467.89 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $12.48 billion, a P/E ratio of 49.15, a P/E/G ratio of 2.18 and a beta of 2.12. The company’s fifty day moving average is $404.58 and its two-hundred day moving average is $364.54. Saia, Inc. has a 1 year low of $248.37 and a 1 year high of $474.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. On average, sell-side analysts predict that Saia, Inc. will post 11.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Stephens upped their price target on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Wells Fargo & Company upped their price target on shares of Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, UBS Group reiterated a “buy” rating and issued a $493.00 price target on shares of Saia in a research report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $444.94.

About Saia

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.