Royce & Associates LP Sells 47,200 Shares of Saia, Inc. (SAIA)
Royce & Associates LP decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 14.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 274,059 shares of the transportation company’s stock after selling 47,200 shares during the period. Royce & Associates LP owned 1.08% of Saia worth $14,059,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SAIA. Turner Investments LLC acquired a new position in shares of Saia during the second quarter worth approximately $359,000. US Bancorp DE boosted its position in shares of Saia by 13.8% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company’s stock worth $751,000 after buying an additional 2,052 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Saia by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock worth $94,620,000 after buying an additional 9,523 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Saia by 547.3% in the first quarter. Bank of Montreal Can now owns 56,046 shares of the transportation company’s stock worth $2,483,000 after buying an additional 47,388 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.
Shares of Saia, Inc. (SAIA) opened at 56.55 on Friday. The company has a 50-day moving average price of $53.22 and a 200-day moving average price of $48.42. Saia, Inc. has a 52 week low of $27.96 and a 52 week high of $58.00. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 27.44 and a beta of 0.78.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The company had revenue of $358.20 million for the quarter, compared to the consensus estimate of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. Saia’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Equities analysts anticipate that Saia, Inc. will post $2.21 EPS for the current year.
A number of research analysts have commented on SAIA shares. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Cowen and Company raised their target price on shares of Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $48.00 target price (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $52.33.
In other news, Director Jeffrey C. Ward sold 2,521 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $52.91, for a total transaction of $133,386.11. Following the transaction, the director now owns 9,279 shares of the company’s stock, valued at approximately $490,951.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard D. Odell sold 6,400 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $53.71, for a total value of $343,744.00. Following the transaction, the chief executive officer now directly owns 9,034 shares in the company, valued at approximately $485,216.14. The disclosure for this sale can be found here. Insiders sold a total of 62,958 shares of company stock worth $3,397,105 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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