Vaughan Nelson Investment Management L.P. Sells 188,392 Shares of Saia, Inc. (NASDAQ:SAIA)

Vaughan Nelson Investment Management L.P. lessened its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 30.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,152 shares of the transportation company's stock after selling 188,392 shares during the quarter. Saia comprises about 1.7% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 11th largest holding. Vaughan Nelson Investment Management L.P. owned about 1.60% of Saia worth $185,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Paladin Wealth LLC acquired a new position in Saia during the third quarter valued at approximately $40,000. Quarry LP acquired a new position in Saia during the second quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new position in Saia during the second quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after purchasing an additional 83 shares during the last quarter.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $19.95 during trading hours on Friday, reaching $522.37. 337,176 shares of the stock were exchanged, compared to its average volume of 447,907. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 37.31, a P/E/G ratio of 2.88 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock's fifty day simple moving average is $461.16 and its 200 day simple moving average is $435.74.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the business earned $3.67 EPS. Saia's revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 13.54 EPS for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of several recent research reports. Citigroup increased their price target on Saia from $534.00 to $651.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Jefferies Financial Group increased their price target on Saia from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. Evercore ISI cut their price objective on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Finally, TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and an average target price of $506.00.

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.