Saia Inc. (NASDAQ:SAIA) shares rose 5.2% during mid-day trading on Friday . The company traded as high as $25.76 and last traded at $25.67, with a volume of 59,200 shares trading hands. The stock had previously closed at $24.41.

SAIA has been the subject of a number of recent research reports. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Cowen and Company reiterated a “market perform” rating and set a $32.00 price objective (up from $29.00) on shares of Saia in a research note on Thursday, April 28th. Finally, Stifel Nicolaus cut their price objective on Saia from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.40.

The company’s 50 day moving average price is $25.43 and its 200-day moving average price is $25.46. The firm has a market capitalization of $643.06 million and a price-to-earnings ratio of 12.30.

Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm earned $290 million during the quarter, compared to analyst estimates of $285.97 million. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Saia Inc. will post $1.96 EPS for the current fiscal year.

Other hedge funds recently bought and sold shares of the company. Royce & Associates LLC boosted its stake in Saia by 61.4% in the fourth quarter. Royce & Associates LLC now owns 2,668,995 shares of the company’s stock worth $59,385,000 after buying an additional 1,015,340 shares during the last quarter. Century Capital Management LLC boosted its stake in Saia by 16.1% in the fourth quarter. Century Capital Management LLC now owns 456,187 shares of the company’s stock worth $10,150,000 after buying an additional 63,302 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in Saia by 43.7% in the fourth quarter. OppenheimerFunds Inc. now owns 450,394 shares of the company’s stock worth $10,021,000 after buying an additional 137,031 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Saia by 15.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 377,273 shares of the company’s stock worth $8,394,000 after buying an additional 50,710 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Saia by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,488 shares of the company’s stock worth $1,034,000 after buying an additional 764 shares during the last quarter.

Saia, Inc through its wholly owned subsidiaries is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company serves a variety of customers by offering regional and interregional LTL, truckload, guaranteed, expedited and logistics services.

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