Natixis Advisors LLC Sells 41,074 Shares of Saia, Inc. (NASDAQ:SAIA)

Natixis Advisors LLC decreased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,633 shares of the transportation company's stock after selling 41,074 shares during the quarter. Natixis Advisors LLC owned 0.66% of Saia worth $83,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAIA. International Assets Investment Management LLC lifted its position in Saia by 26,722.4% during the fourth quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company's stock worth $13,635,000 after purchasing an additional 30,998 shares during the period. Van ECK Associates Corp raised its stake in Saia by 32.2% during the fourth quarter. Van ECK Associates Corp now owns 7,666 shares of the transportation company's stock worth $3,359,000 after acquiring an additional 1,866 shares in the last quarter. Victory Capital Management Inc. raised its stake in Saia by 37.1% during the fourth quarter. Victory Capital Management Inc. now owns 119,522 shares of the transportation company's stock worth $52,377,000 after acquiring an additional 32,353 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in Saia during the fourth quarter worth about $58,000. Finally, Sapient Capital LLC acquired a new position in Saia during the fourth quarter worth about $534,000.

Analysts Set New Price Targets

Several research analysts have commented on SAIA shares. Susquehanna lowered their target price on Saia from $610.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, June 12th. Benchmark lowered their price objective on Saia from $575.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Barclays lowered their price objective on Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a research note on Monday, July 29th. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and decreased their target price for the company from $526.00 to $475.00 in a research report on Friday, May 24th. Finally, Evercore ISI increased their target price on shares of Saia from $523.00 to $566.00 and gave the company an "outperform" rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $488.87.

Saia Stock Up 0.4 %

NASDAQ SAIA traded up $1.56 on Monday, reaching $375.83. The company had a trading volume of 509,400 shares, compared to its average volume of 394,589. The stock has a market capitalization of $9.99 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.81 and a beta of 1.72. The company's fifty day moving average is $425.18 and its 200 day moving average is $474.89. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to analysts' expectations of $821.60 million. Sell-side analysts anticipate that Saia, Inc. will post 13.88 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.