Creative Planning Trims Position in Saia, Inc. (NASDAQ:SAIA)

Creative Planning lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,457 shares of the transportation company’s stock after selling 144 shares during the period. Creative Planning’s holdings in Saia were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Quarry LP purchased a new position in Saia in the 2nd quarter valued at $41,000. International Assets Investment Management LLC acquired a new position in Saia in the 2nd quarter valued at $42,000. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter worth $40,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after acquiring an additional 83 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAIA. 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 note on Thursday, October 3rd. Jefferies Financial Group increased their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stephens lifted their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Finally, TD Cowen raised their target price on Saia from $416.00 to $418.00 and gave the company a “hold” 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $492.00.

Saia Stock Performance

NASDAQ:SAIA opened at $488.61 on Friday. Saia, Inc. has a twelve month low of $354.32 and a twelve month high of $628.34. The company has a market capitalization of $12.99 billion, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 2.21 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $427.95 and a two-hundred day moving average price of $434.18.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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 business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the business earned $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Saia, Inc. will post 13.88 earnings per share for the current fiscal 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.