Royce & Associates LP grew its position in Saia Inc (NASDAQ:SAIA) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,841 shares of the transportation company’s stock after purchasing an additional 10,000 shares during the quarter. Royce & Associates LP owned approximately 0.74% of Saia worth $14,590,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Saia by 1,043.2% in the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,450 shares during the period. Keybank National Association OH acquired a new stake in shares of Saia in the second quarter worth $210,000. United Capital Management of KS Inc. acquired a new stake in shares of Saia in the third quarter worth $235,000. Janus Henderson Group PLC acquired a new stake in shares of Saia in the third quarter worth $322,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Saia in the second quarter worth $347,000.

SAIA opened at $55.08 on Wednesday. Saia Inc has a fifty-two week low of $53.83 and a fifty-two week high of $87.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 25.15 and a beta of 0.99.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. Saia had a net margin of 7.96% and a return on equity of 14.85%. The firm had revenue of $425.60 million for the quarter, compared to the consensus estimate of $417.70 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The business’s revenue was up 19.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Saia Inc will post 3.89 EPS for the current fiscal year.

Several brokerages have recently issued reports on SAIA. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. ValuEngine downgraded shares of Saia from a “hold” rating to a “sell” rating in a research note on Friday, November 30th. Deutsche Bank began coverage on shares of Saia in a research note on Tuesday, September 4th. They issued a “hold” rating and a $77.00 price objective on the stock. Stifel Nicolaus set a $73.00 price objective on shares of Saia and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, BidaskClub downgraded shares of Saia from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $74.13.

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Saia Profile

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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