Creative Planning Lowers Position in Saia, Inc. (NASDAQ:SAIA)

Creative Planning reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,457 shares of the transportation company’s stock after selling 144 shares during the period. Creative Planning’s holdings in Saia were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Capital Research Global Investors lifted its holdings in shares of Saia by 16.2% in the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares during the last quarter. American Century Companies Inc. raised its position in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Clearbridge Investments LLC acquired a new position in Saia during the first quarter worth $27,733,000. Massachusetts Financial Services Co. MA boosted its position in shares of Saia by 15.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock worth $111,648,000 after buying an additional 31,397 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Saia in the second quarter valued at $13,242,000.

Analyst Ratings Changes

Several equities analysts recently issued reports on SAIA shares. BMO Capital Markets increased their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday. TD Cowen raised their price objective on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group lowered their target price on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $492.00.

Saia Stock Performance

Shares of SAIA stock opened at $488.61 on Friday. The stock’s 50-day moving average is $427.95 and its two-hundred day moving average is $434.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.26. Saia, Inc. has a 1 year low of $354.32 and a 1 year high of $628.34. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.21 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $3.67 earnings per share. Analysts predict that Saia, Inc. will post 13.88 earnings per share for the current year.

About Saia

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.