GHP Investment Advisors Inc. Reduces Stock Position in Saia, Inc. (NASDAQ:SAIA)

GHP Investment Advisors Inc. lessened its position in Saia, Inc. (NASDAQ:SAIA) by 1.0% during the third quarter, Holdings Channel.com reports. The fund owned 7,285 shares of the transportation company’s stock after selling 74 shares during the period. GHP Investment Advisors Inc.’s holdings in Saia were worth $3,185,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Saia by 5.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,310 shares of the transportation company’s stock worth $2,521,000 after purchasing an additional 219 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Saia by 6.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after buying an additional 45,155 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Saia by 1.6% in the 1st quarter. State of Michigan Retirement System now owns 6,486 shares of the transportation company’s stock worth $3,794,000 after buying an additional 100 shares during the last quarter. Lifestyle Asset Management Inc. purchased a new position in shares of Saia during the first quarter valued at approximately $238,000. Finally, Norden Group LLC raised its holdings in shares of Saia by 1,556.1% during the first quarter. Norden Group LLC now owns 26,299 shares of the transportation company’s stock valued at $15,385,000 after acquiring an additional 24,711 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on SAIA shares. Benchmark reiterated a “buy” rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets decreased their price target on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Barclays cut their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, The Goldman Sachs Group decreased their target price on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $489.63.

Saia Stock Up 11.4 %

Shares of NASDAQ:SAIA opened at $461.65 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $422.43 and a two-hundred day simple moving average of $436.27. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the firm earned $3.67 EPS. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Saia, Inc. will post 13.93 earnings per share for the current fiscal year.

Saia 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.