ZWJ Investment Counsel Inc. Buys 3,421 Shares of Saia, Inc. (NASDAQ:SAIA)

ZWJ Investment Counsel Inc. boosted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,291 shares of the transportation company's stock after buying an additional 3,421 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.24% of Saia worth $22,116,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in Saia by 256.0% during the first quarter. Teacher Retirement System of Texas now owns 4,251 shares of the transportation company's stock valued at $1,485,000 after purchasing an additional 3,057 shares during the last quarter. KBC Group NV increased its holdings in shares of Saia by 8.6% in the first quarter. KBC Group NV now owns 1,187 shares of the transportation company's stock valued at $415,000 after buying an additional 94 shares in the last quarter. Pacific Global Investment Management Co. lifted its position in shares of Saia by 8.4% during the 1st quarter. Pacific Global Investment Management Co. now owns 3,905 shares of the transportation company's stock valued at $1,365,000 after acquiring an additional 303 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of Saia by 4.0% during the 1st quarter. Sheets Smith Wealth Management now owns 2,506 shares of the transportation company's stock worth $876,000 after acquiring an additional 97 shares in the last quarter.

Saia Stock Up 0.3%

NASDAQ SAIA traded up $1.02 on Friday, reaching $294.82. The stock had a trading volume of 309,135 shares, compared to its average volume of 527,221. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The business has a 50 day moving average price of $267.26 and a 200 day moving average price of $364.51. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 7.72 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly 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). Saia had a net margin of 9.91% and a return on equity of 14.21%. The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SAIA shares. Wall Street Zen raised Saia to a "sell" rating in a research report on Tuesday, May 13th. Stifel Nicolaus set a $277.00 price target on Saia in a research note on Monday, April 28th. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. UBS Group decreased their target price on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Citigroup lifted their target price on shares of Saia from $288.00 to $317.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One investment 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 company's stock. According to data from MarketBeat.com, Saia presently has an average rating of "Hold" and an average price target of $333.84.

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.