ZWJ Investment Counsel Inc. Has $25.46 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

ZWJ Investment Counsel Inc. increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,226 shares of the transportation company's stock after acquiring an additional 5,172 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.22% of Saia worth $25,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Vanguard Group Inc. boosted its position in shares of Saia by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company's stock worth $1,090,950,000 after buying an additional 12,074 shares during the period. CWM LLC grew its stake in Saia by 39.4% during the 1st quarter. CWM LLC now owns 322 shares of the transportation company's stock valued at $188,000 after acquiring an additional 91 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Saia in the 1st quarter valued at about $40,000. Fulton Bank N.A. boosted its holdings in shares of Saia by 87.7% during the first quarter. Fulton Bank N.A. now owns 1,038 shares of the transportation company's stock worth $607,000 after purchasing an additional 485 shares during the period. Finally, MJP Associates Inc. ADV boosted its holdings in shares of Saia by 24.6% during the first quarter. MJP Associates Inc. ADV now owns 624 shares of the transportation company's stock worth $365,000 after purchasing an additional 123 shares during the period.

Saia Price Performance

Shares of SAIA traded down $12.98 during trading hours on Thursday, hitting $446.68. The stock had a trading volume of 218,325 shares, compared to its average volume of 382,291. Saia, Inc. has a 52 week low of $341.26 and a 52 week high of $628.34. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 2.08 and a beta of 1.74. The company's fifty day moving average is $414.98 and its two-hundred day moving average is $443.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36.

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 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 analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, analysts anticipate that Saia, Inc. will post 13.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SAIA shares. Jefferies Financial Group increased their target price on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Barclays lowered their target price on Saia from $575.00 to $515.00 and set an "overweight" rating on the stock in a research note on Monday, July 29th. Susquehanna lifted their price objective on shares of Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th. Citigroup initiated coverage on Saia in a report on Wednesday, October 9th. They set a "buy" rating and a $518.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $492.00.

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.