Hunter Associates Investment Management LLC Has $3.83 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Hunter Associates Investment Management LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 55.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,030 shares of the transportation company's stock after purchasing an additional 3,940 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Saia were worth $3,832,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after acquiring an additional 26 shares during the period. Core Wealth Advisors Inc. boosted its stake in shares of Saia by 3.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after acquiring an additional 26 shares during the period. Heritage Family Offices LLP boosted its stake in shares of Saia by 4.1% during the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after acquiring an additional 29 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after acquiring an additional 30 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares during the period.

Saia Price Performance

Shares of NASDAQ:SAIA traded up $5.12 during trading on Thursday, reaching $306.78. 703,729 shares of the company traded hands, compared to its average volume of 529,312. The company's 50 day moving average is $271.89 and its two-hundred day moving average is $361.21. The firm has a market capitalization of $8.17 billion, a PE ratio of 25.59, a PEG ratio of 7.98 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. 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 released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 9.91% and a return on equity of 14.21%. The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.38 earnings per share. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of several research analyst reports. Susquehanna reduced their target price on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. UBS Group reduced their target price on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Bank of America lifted their target price on Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Barclays boosted their price target on Saia from $290.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Saia presently has an average rating of "Moderate Buy" and a consensus target price of $338.26.

Saia Company Profile

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.