Wealth Enhancement Advisory Services LLC Acquires Shares of 883 Saia, Inc. $SAIA

Key Points

• Wealth Enhancement Advisory Services LLC acquired a new stake in Saia, Inc. by purchasing 883 shares, valued at approximately $260,000, during the second quarter.
• Several institutional investors, including Alliancebernstein L.P. and Kayne Anderson Rudnick Investment Management LLC, significantly increased their holdings in Saia, with Alliancebernstein boosting its share count by 17.3%.
• Saia's recent earnings report showed a net margin of 8.96% and reported EPS of $2.67, exceeding analysts' expectations, even as revenues fell by 0.7% year-over-year.

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 883 shares of the transportation company's stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also modified their holdings of SAIA. Alliancebernstein L.P. lifted its position in shares of Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock worth $795,184,000 after buying an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Saia by 35.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock valued at $421,705,000 after purchasing an additional 315,514 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Saia by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock valued at $989,452,000 after purchasing an additional 288,746 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of Saia by 59.6% during the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock valued at $167,900,000 after purchasing an additional 179,444 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Saia during the 1st quarter valued at approximately $37,228,000.

Saia Trading Down 2.2%

NASDAQ:SAIA opened at $315.38 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 14.95 and a beta of 2.00. The firm has a fifty day simple moving average of $302.66 and a two-hundred day simple moving average of $297.23. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same period in the previous year, the company posted $3.83 EPS. The firm's revenue was down .7% compared to the same quarter last year. Analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Saia from $365.00 to $330.00 and set an "equal weight" rating on the stock in a report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Saia in a research note on Wednesday. Zacks Research raised shares of Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. UBS Group upped their target price on Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $306.00 target price (up previously from $277.00) on shares of Saia in a report on Thursday, July 24th. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $337.89.

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.

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