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

GHP Investment Advisors Inc. reduced its position in Saia, Inc. (NASDAQ:SAIA) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Research Global Investors boosted its holdings 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 worth $625,559,000 after acquiring an additional 149,074 shares during the period. American Century Companies Inc. boosted its stake in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after purchasing an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of Saia during the first quarter valued at about $27,733,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Saia by 6.8% in the first 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 in the last quarter.

Saia Price Performance

Shares of Saia stock opened at $461.65 on Friday. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The company has a fifty day moving average of $422.43 and a 200-day moving average of $436.27. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

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). The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.67 earnings per share. Equities research analysts expect that Saia, Inc. will post 13.93 EPS for the current year.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. TD Cowen upped their price target on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. BMO Capital Markets dropped their price objective on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and decreased their target price for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $489.63.

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.