Vaughan Nelson Investment Management L.P. Sells 7,776 Shares of Saia, Inc. (NASDAQ:SAIA)

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,376 shares of the transportation company’s stock after selling 7,776 shares during the quarter. Saia accounts for 1.8% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 13th largest holding. Vaughan Nelson Investment Management L.P. owned approximately 1.57% of Saia worth $189,754,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Stephens Inc. AR grew its position in Saia by 15.5% during the 4th quarter. Stephens Inc. AR now owns 1,490 shares of the transportation company’s stock worth $679,000 after acquiring an additional 200 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Saia during the fourth quarter worth $45,767,000. WCM Investment Management LLC increased its stake in shares of Saia by 39.0% in the fourth quarter. WCM Investment Management LLC now owns 42,265 shares of the transportation company’s stock valued at $19,417,000 after buying an additional 11,856 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Saia in the fourth quarter valued at about $252,000. Finally, Bleakley Financial Group LLC grew its holdings in Saia by 27.6% during the 4th quarter. Bleakley Financial Group LLC now owns 874 shares of the transportation company’s stock worth $398,000 after acquiring an additional 189 shares during the last quarter.

Saia Trading Down 3.7 %

Saia stock opened at $489.51 on Friday. The stock has a 50-day simple moving average of $491.07 and a 200 day simple moving average of $462.23. The stock has a market capitalization of $13.02 billion, a P/E ratio of 36.23, a PEG ratio of 2.51 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the company posted $3.33 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SAIA shares. BMO Capital Markets raised their price target on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. The Goldman Sachs Group boosted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Stephens reiterated an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday. TD Cowen lifted their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Finally, Susquehanna upped their target price on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $535.41.

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.