Saia, Inc. $SAIA Stake Lessened by Royal Bank of Canada

Royal Bank of Canada cut its stake in Saia, Inc. (NASDAQ:SAIA) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,017 shares of the transportation company’s stock after selling 14,108 shares during the period. Royal Bank of Canada owned approximately 0.19% of Saia worth $17,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Saia by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company’s stock valued at $989,452,000 after acquiring an additional 288,746 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Saia by 35.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company’s stock valued at $421,705,000 after acquiring an additional 315,514 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Saia by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 409,303 shares of the transportation company’s stock valued at $143,028,000 after acquiring an additional 53,374 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Saia by 9.9% in the first quarter. Westfield Capital Management Co. LP now owns 373,503 shares of the transportation company’s stock valued at $130,513,000 after acquiring an additional 33,719 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Saia by 22.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 342,363 shares of the transportation company’s stock valued at $119,632,000 after acquiring an additional 63,861 shares in the last quarter.

Saia Stock Down 1.9%

Shares of NASDAQ:SAIA opened at $306.24 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $8.16 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 14.29 and a beta of 2.00. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a 50 day simple moving average of $300.02 and a 200 day simple moving average of $307.59.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.83 EPS. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the subject of a number of research reports. Stephens raised their target price on shares of Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Stifel Nicolaus restated a “hold” rating and set a $306.00 target price (up from $277.00) on shares of Saia in a report on Thursday, July 24th. The Goldman Sachs Group upgraded shares of Saia from a “neutral” rating to a “buy” rating and raised their target price for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Wells Fargo & Company raised their target price on shares of Saia from $290.00 to $365.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Saia to a “sell” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $347.16.

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.