Harbor Capital Advisors Inc. Raises Stake in Saia, Inc. (NASDAQ:SAIA)

Harbor Capital Advisors Inc. raised its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,841 shares of the transportation company's stock after buying an additional 1,015 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Saia were worth $3,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in shares of Saia in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter valued at approximately $36,000. Huntington National Bank grew its holdings in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Saia in the 1st quarter valued at about $43,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SAIA shares. Wells Fargo & Company reduced their price target on Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. UBS Group lowered their price target on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research note on Monday, April 28th. Wolfe Research lowered shares of Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the stock a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Saia currently has an average rating of "Hold" and a consensus price target of $333.84.

Saia Trading Down 0.6%

NASDAQ SAIA traded down $1.42 on Thursday, hitting $253.74. The company's stock had a trading volume of 130,790 shares, compared to its average volume of 505,396. The company's 50-day simple moving average is $287.83 and its 200 day simple moving average is $397.81. The firm has a market cap of $6.76 billion, a P/E ratio of 18.78, a PEG ratio of 2.24 and a beta of 2.00. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.38 EPS. Research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.