Wealth Enhancement Advisory Services LLC Has $2.52 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Wealth Enhancement Advisory Services LLC increased its stake in Saia, Inc. (NASDAQ:SAIA) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,310 shares of the transportation company’s stock after buying an additional 219 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Saia were worth $2,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC grew its holdings in Saia by 7.9% during the third quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock worth $630,000 after purchasing an additional 116 shares during the period. Gotham Asset Management LLC acquired a new stake in Saia during the 3rd quarter valued at $1,141,000. Lazard Asset Management LLC boosted its position in Saia by 948.5% during the third quarter. Lazard Asset Management LLC now owns 3,156 shares of the transportation company’s stock worth $1,258,000 after purchasing an additional 2,855 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Saia in the third quarter valued at $229,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Saia by 65.6% in the third quarter. Ameriprise Financial Inc. now owns 153,382 shares of the transportation company’s stock valued at $61,146,000 after purchasing an additional 60,778 shares during the last quarter.

Saia Trading Up 0.8 %

Shares of SAIA stock opened at $470.22 on Thursday. Saia, Inc. has a fifty-two week low of $331.23 and a fifty-two week high of $628.34. The stock’s fifty day moving average price is $429.06 and its two-hundred day moving average price is $489.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $12.50 billion, a PE ratio of 34.07, a P/E/G ratio of 1.70 and a beta of 1.72.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. Equities analysts predict that Saia, Inc. will post 15.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on SAIA shares. Bank of America reduced their target price on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and dropped their price target for the stock from $526.00 to $475.00 in a report on Friday, May 24th. Wells Fargo & Company started coverage on Saia in a report on Friday, June 7th. They issued an “equal weight” rating and a $445.00 price objective on the stock. Finally, Susquehanna dropped their target price on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $498.00.

Insider Activity at Saia

In related news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, with a total value of $203,500.00. Following the purchase, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Saia Company 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.