Hunter Associates Investment Management LLC Buys 3,940 Shares of Saia, Inc. (NASDAQ:SAIA)

Hunter Associates Investment Management LLC increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 55.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,030 shares of the transportation company's stock after purchasing an additional 3,940 shares during the period. Hunter Associates Investment Management LLC's holdings in Saia were worth $3,832,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAIA. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in 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 acquiring an additional 38 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the fourth quarter valued at about $36,000. Huntington National Bank lifted its holdings in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Saia in the first quarter valued at about $43,000.

Analyst Ratings Changes

A number of analysts have recently commented on SAIA shares. JPMorgan Chase & Co. boosted their price target on Saia from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and upped their target price for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Evercore ISI dropped their target price on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. BMO Capital Markets lowered Saia from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Finally, Raymond James Financial set a $310.00 target price on Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $338.26.

Saia Price Performance

NASDAQ SAIA traded down $3.50 on Friday, hitting $303.28. 392,720 shares of the company's stock were exchanged, compared to its average volume of 530,558. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 10.59 and a beta of 1.98. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $272.71 and a 200-day moving average of $359.21.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.38 earnings per share. Analysts expect that Saia, Inc. will post 15.46 earnings per share for the current 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.