Hantz Financial Services Inc. Invests $13.24 Million in Saia, Inc. (NASDAQ:SAIA)

Hantz Financial Services Inc. acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,920 shares of the transportation company's stock, valued at approximately $13,242,000. Hantz Financial Services Inc. owned about 0.11% of Saia as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pineridge Advisors LLC purchased a new stake in shares of Saia in the 4th quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after buying an additional 42 shares during the period. Rise Advisors LLC purchased a new position in shares of Saia during the first quarter valued at $40,000. Core Wealth Advisors Inc. acquired a new position in Saia during the fourth quarter valued at $32,000. Finally, International Assets Investment Management LLC acquired a new position in Saia during the second quarter valued at $42,000.

Saia Stock Performance

Saia stock traded up $1.56 during trading hours on Friday, reaching $375.83. 509,474 shares of the company were exchanged, compared to its average volume of 394,590. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $427.00 and a 200 day moving average of $476.74. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.89 and a beta of 1.72.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). The firm had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. As a group, research analysts anticipate that Saia, Inc. will post 13.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James dropped their target price on Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a report on Monday, June 24th. Bank of America upped their price objective on shares of Saia from $501.00 to $555.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Wells Fargo & Company decreased their target price on shares of Saia from $445.00 to $400.00 and set an "equal weight" rating for the company in a research note on Monday, July 29th. BMO Capital Markets dropped their price target on shares of Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. Finally, Benchmark reduced their price objective on Saia from $575.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $488.87.

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.