ROYCE & ASSOCIATES LP
recently disclosed that they own a 4.7% stake in Saia Inc. (NASDAQ:SAIA) in a Form 13G/A disclosure that was filed with the SEC on Thursday, October 6th. The investor owns 1,182,476 shares of the stock worth about $35,308,733. The disclosure is available through the SEC website at this hyperlink.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mason Street Advisors LLC acquired a new position in shares of Saia during the second quarter worth approximately $123,000. Bank of Montreal Can acquired a new position in shares of Saia during the second quarter worth approximately $137,000. Legal & General Group Plc increased its position in shares of Saia by 13.2% in the first quarter. Legal & General Group Plc now owns 5,706 shares of the company’s stock worth $160,000 after buying an additional 666 shares in the last quarter. BlackRock Inc. increased its position in shares of Saia by 296.4% in the second quarter. BlackRock Inc. now owns 6,485 shares of the company’s stock worth $162,000 after buying an additional 4,849 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Saia during the first quarter worth approximately $185,000. 97.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Saia Inc. (NASDAQ:SAIA) traded up 0.27% during mid-day trading on Thursday, hitting $29.94. The stock had a trading volume of 63,369 shares. Saia Inc. has a one year low of $18.28 and a one year high of $33.96. The stock has a market cap of $749.61 million, a price-to-earnings ratio of 16.28 and a beta of 0.96. The firm has a 50 day moving average of $30.11 and a 200 day moving average of $27.75.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Saia had a net margin of 3.90% and a return on equity of 10.61%. The company had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. During the same quarter last year, the business earned $0.75 earnings per share. Saia’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Saia Inc. will post $1.85 earnings per share for the current year.
A number of research analysts recently commented on SAIA shares. TheStreet raised Saia from a “hold” rating to a “buy” rating in a report on Friday, August 26th. Zacks Investment Research raised Saia from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Finally, Cowen and Company increased their target price on Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, August 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 given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.40.
In other Saia news, VP Mark H. Robinson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total transaction of $71,375.00. Following the transaction, the vice president now directly owns 16,602 shares in the company, valued at $473,987.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.
Saia Company Profile
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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