WCM Investment Management LLC Has $13.22 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

WCM Investment Management LLC trimmed its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 54.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,409 shares of the transportation company's stock after selling 35,697 shares during the quarter. WCM Investment Management LLC owned approximately 0.11% of Saia worth $13,216,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SAIA. Ontario Teachers Pension Plan Board bought a new stake in shares of Saia during the 1st quarter worth approximately $2,953,000. Gateway Investment Advisers LLC bought a new stake in Saia during the 2nd quarter valued at $3,012,000. Capital Group Private Client Services Inc. raised its holdings in Saia by 15.5% during the first quarter. Capital Group Private Client Services Inc. now owns 30,332 shares of the transportation company's stock worth $17,744,000 after buying an additional 4,069 shares during the last quarter. BOKF NA grew its holdings in shares of Saia by 2,257.7% during the first quarter. BOKF NA now owns 613 shares of the transportation company's stock valued at $359,000 after buying an additional 587 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Saia by 99.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,141 shares of the transportation company's stock worth $667,000 after acquiring an additional 570 shares in the last quarter.

Saia Stock Down 2.2 %

Shares of NASDAQ:SAIA traded down $12.37 during trading on Tuesday, hitting $545.73. 278,575 shares of the company were exchanged, compared to its average volume of 389,881. The stock has a market capitalization of $14.51 billion, a P/E ratio of 39.28, a PEG ratio of 3.14 and a beta of 1.73. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm's 50 day moving average price is $450.18 and its 200-day moving average price is $432.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 18.00% and a net margin of 11.83%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $3.67 earnings per share. On average, research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Susquehanna boosted their price objective on Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th. Stephens upped their target price on shares of Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Benchmark reissued a "buy" rating and set a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Finally, Evercore ISI decreased their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $499.82.

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.