Hunter Associates Investment Management LLC Increases Position in Saia, Inc. (NASDAQ:SAIA)

Hunter Associates Investment Management LLC lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,090 shares of the transportation company’s stock after acquiring an additional 539 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Saia were worth $3,230,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new position in Saia in the 3rd quarter valued at $1,408,000. MML Investors Services LLC grew its position in Saia by 89.8% during the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares during the period. ZWJ Investment Counsel Inc. increased its holdings in Saia by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after buying an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Saia in the third quarter worth about $22,979,000. Finally, BNP Paribas Financial Markets boosted its stake in Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their target price on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.65.

Saia Stock Up 2.8 %

SAIA stock opened at $495.00 on Friday. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $499.71 and its 200 day moving average is $462.24.

Insider Transactions at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

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.