Royce & Associates LP Boosts Holdings in Saia, Inc. $SAIA

Royce & Associates LP grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 517.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,431 shares of the transportation company’s stock after purchasing an additional 60,700 shares during the quarter. Royce & Associates LP owned 0.27% of Saia worth $23,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. AQR Capital Management LLC boosted its stake in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 672 shares during the period. California Public Employees Retirement System boosted its stake in shares of Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Saia in the second quarter valued at approximately $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Saia in the second quarter valued at approximately $13,943,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SAIA shares. Jefferies Financial Group raised their price objective on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research note on Friday, May 1st. UBS Group reiterated a “buy” rating and issued a $493.00 price target on shares of Saia in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $441.00 price target on shares of Saia in a research note on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus price target of $444.94.

Saia Stock Up 2.6%

Shares of Saia stock opened at $467.89 on Wednesday. Saia, Inc. has a 52-week low of $248.37 and a 52-week high of $474.04. The company has a 50 day moving average of $404.58 and a 200 day moving average of $364.54. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company 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.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 11.38 EPS for the current fiscal year.

Saia Company Profile

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.