Envestnet Portfolio Solutions Inc. Reduces Holdings in Saia, Inc. $SAIA

Envestnet Portfolio Solutions Inc. decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,810 shares of the transportation company’s stock after selling 460 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Saia were worth $770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its holdings in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after buying an additional 47 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Saia by 52.9% in the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares during the last quarter. CWM LLC boosted its holdings in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after buying an additional 44 shares during the last quarter. Mattson Financial Services LLC lifted its holdings in Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Saia during the first quarter valued at approximately $135,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAIA. JPMorgan Chase & Co. lowered their price target on shares of Saia from $374.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Barclays lifted their price target on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wells Fargo & Company lowered 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, October 6th. Finally, Raymond James Financial lowered their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $340.28.

Saia Price Performance

SAIA stock opened at $306.64 on Monday. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company’s fifty day moving average price is $303.48 and its 200-day moving average price is $293.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $8.17 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 14.24 and a beta of 2.00.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the previous year, the firm earned $3.83 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Saia, Inc. will post 15.46 EPS 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.