Hunter Associates Investment Management LLC Boosts Holdings in Saia, Inc. (NASDAQ:SAIA)

Hunter Associates Investment Management LLC grew its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,030 shares of the transportation company's stock after buying 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.

Several other hedge funds have also made changes to their positions in SAIA. Alliancebernstein L.P. grew its stake in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after buying an additional 794,197 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after acquiring an additional 371,232 shares during the last quarter. Select Equity Group L.P. acquired a new position in shares of Saia in the 4th quarter worth approximately $137,199,000. Interval Partners LP acquired a new position in shares of Saia in the 4th quarter worth approximately $89,229,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after acquiring an additional 153,896 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $304.61 on Thursday. The company's fifty day moving average price is $270.55 and its 200 day moving average price is $362.30. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $8.11 billion, a P/E ratio of 25.38, a P/E/G ratio of 7.77 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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). Saia had a return on equity of 14.21% and a net margin of 9.91%. The business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the business posted $3.38 earnings per share. The company's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup upped their price objective on shares of Saia from $313.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Barclays lowered shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Stephens lowered shares of Saia from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $515.00 to $255.00 in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and increased their target price for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of "Hold" and a consensus price target of $336.95.

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.

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