Royal Bank of Canada Buys 6,872 Shares of Saia, Inc. $SAIA

Royal Bank of Canada boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 14.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 55,800 shares of the transportation company’s stock after buying an additional 6,872 shares during the period. Royal Bank of Canada’s holdings in Saia were worth $19,601,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC bought a new position in shares of Saia during the fourth quarter worth approximately $40,000. Larson Financial Group LLC lifted its holdings in Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Saia by 46.9% in the 4th quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 46 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on SAIA shares. BMO Capital Markets increased their price objective on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Jefferies Financial Group boosted their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. TD Cowen decreased their price target on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Stephens lowered their price target on shares of Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $449.67.

Saia Stock Up 1.4%

Shares of SAIA opened at $361.82 on Friday. The firm has a 50 day simple moving average of $429.37 and a two-hundred day simple moving average of $406.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The company has a market cap of $9.65 billion, a P/E ratio of 34.92, a P/E/G ratio of 1.61 and a beta of 2.14.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company had revenue of $956.49 million for the quarter, compared to analyst estimates of $956.20 million. During the same quarter last year, the company posted $2.67 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts forecast that Saia, Inc. will post 11.46 EPS for the current fiscal year.

Saia 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.