Harbor Capital Advisors Inc. Increases Position in Saia, Inc. (NASDAQ:SAIA)

Harbor Capital Advisors Inc. lifted its position in Saia, Inc. (NASDAQ:SAIA) by 10.3% in the first quarter, HoldingsChannel.com reports. The firm owned 10,841 shares of the transportation company’s stock after purchasing an additional 1,015 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Saia were worth $3,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in Saia during the fourth quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Saia by 172.7% during 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 in the last quarter. Atala Financial Inc purchased a new position in Saia during the fourth quarter valued at $36,000. Huntington National Bank grew its stake in Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Saia during the first quarter valued at $43,000.

Saia Stock Performance

NASDAQ:SAIA opened at $263.45 on Wednesday. The company has a fifty day moving average of $289.17 and a two-hundred day moving average of $398.80. The stock has a market capitalization of $7.02 billion, a PE ratio of 19.50, a P/E/G ratio of 2.24 and a beta of 2.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $3.38 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAIA. Barclays cut shares of Saia from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a “buy” rating in a research note on Tuesday. Finally, Bank of America raised their target price on shares of Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $333.84.

Saia 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.