Envestnet Asset Management Inc. Trims Stake in Saia, Inc. $SAIA

Envestnet Asset Management Inc. reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,106 shares of the transportation company’s stock after selling 382 shares during the period. Envestnet Asset Management Inc. owned approximately 0.47% of Saia worth $34,278,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC purchased a new position in Saia in the second quarter worth $41,000. Blue Trust Inc. grew its position in Saia by 52.9% in the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after acquiring an additional 72 shares in the last quarter. CWM LLC grew its position in Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares in the last quarter. Mattson Financial Services LLC grew its position in Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after acquiring an additional 57 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Saia in the first quarter worth $135,000.

Wall Street Analyst Weigh In

SAIA has been the subject of several research reports. UBS Group upped their target price on shares of Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Susquehanna set a $350.00 price target on shares of Saia in a research note on Friday. Stephens boosted their price target on shares of Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Stifel Nicolaus lowered their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, October 28th. Finally, Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.67.

Saia Price Performance

SAIA stock opened at $292.50 on Monday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a market cap of $7.79 billion, a P/E ratio of 27.01, a PEG ratio of 12.90 and a beta of 2.00. The firm has a 50-day moving average of $302.19 and a 200 day moving average of $290.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $839.64 million for the quarter, compared to analysts’ expectations of $824.06 million. During the same quarter in the prior year, the company earned $3.46 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS 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.