Wealth Enhancement Advisory Services LLC Sells 5,982 Shares of Saia, Inc. (NASDAQ:SAIA)

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 89.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Saia by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company's stock valued at $1,465,488,000 after acquiring an additional 15,605 shares during the period. Capital Research Global Investors increased its stake in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company's stock valued at $625,559,000 after purchasing an additional 149,074 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company's stock valued at $412,566,000 after buying an additional 22,143 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after buying an additional 98,383 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Saia by 15.4% in the 2nd 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 in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SAIA shares. BMO Capital Markets boosted their price target on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. Bank of America raised their target price on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Evercore ISI dropped their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the stock an "equal weight" 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $492.00.

Saia Stock Up 2.4 %

Saia stock traded up $13.21 during mid-day trading on Monday, hitting $558.10. The company's stock had a trading volume of 312,150 shares, compared to its average volume of 390,377. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a market cap of $14.84 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 3.14 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day moving average is $446.53 and its 200 day moving average is $432.32.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results 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 return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period last year, the company posted $3.67 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current year.

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.