Wealth Enhancement Advisory Services LLC Reduces Position in Saia, Inc. (NASDAQ:SAIA)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 89.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 675 shares of the transportation company’s stock after selling 5,982 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Saia were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC purchased a new position in Saia during the third quarter valued at $40,000. Quarry LP bought a new position in shares of Saia during the second quarter valued at $41,000. International Assets Investment Management LLC bought a new position in shares of Saia during the second quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 83 shares in the last quarter.

Saia Stock Down 0.0 %

SAIA stock opened at $544.89 on Monday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $14.49 billion, a P/E ratio of 38.92, a PEG ratio of 3.14 and a beta of 1.73. The business’s 50-day moving average price is $446.53 and its 200-day moving average price is $432.32.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the previous year, the firm earned $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Saia, Inc. will post 13.54 EPS for the current year.

Analyst Ratings Changes

SAIA has been the subject of several analyst reports. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a report on Wednesday, October 9th. TD Cowen lifted their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Susquehanna lifted their price objective on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price objective on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $492.00.

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.