Shares of Saia Inc. (NASDAQ:SAIA) traded down 2.4% on Thursday . The company traded as low as $24.62 and last traded at $24.68, with a volume of 85,410 shares traded. The stock had previously closed at $25.29.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Cowen and Company reiterated a “market perform” rating and issued a $32.00 target price (up previously from $29.00) on shares of Saia in a research note on Thursday, April 28th. Finally, Stifel Nicolaus reduced their target price on Saia from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.40.

The stock has a 50-day moving average price of $25.52 and a 200-day moving average price of $25.69. The stock has a market cap of $645.56 million and a price-to-earnings ratio of 12.35.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The firm earned $290 million during the quarter, compared to analyst estimates of $285.97 million. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, analysts forecast that Saia Inc. will post $1.90 earnings per share for the current fiscal year.

A number of institutional investors recently added to or reduced their stakes in SAIA. California State Teachers Retirement System raised its position 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 period. OppenheimerFunds Inc. raised its position 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 period. Century Capital Management LLC raised its position 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 period. Finally, Royce & Associates LLC raised its position 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 period.

Saia, Inc 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 conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).

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