Saia, Inc. (NASDAQ:SAIA) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. decreased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 416,376 shares of the transportation company's stock after selling 7,776 shares during the quarter. Saia makes up 1.8% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 13th largest position. Vaughan Nelson Investment Management L.P. owned 1.57% of Saia worth $189,754,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Paladin Wealth LLC purchased a new stake in Saia in the third quarter worth about $40,000. Blue Trust Inc. boosted its position in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after purchasing an additional 217 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after buying an additional 219 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Saia during the 3rd quarter valued at approximately $213,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Saia in the fourth quarter worth $252,000.

Analysts Set New Price Targets

SAIA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Barclays decreased their price objective on shares of Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Susquehanna lifted their target price on shares of Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Saia has an average rating of "Moderate Buy" and an average price target of $535.41.

Saia Stock Performance

Shares of Saia stock traded down $15.65 during trading on Wednesday, hitting $476.90. 333,960 shares of the company's stock were exchanged, compared to its average volume of 380,199. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.51 and a beta of 1.79. The business has a 50-day simple moving average of $487.42 and a 200-day simple moving average of $462.77.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $3.33 EPS. On average, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,453 shares of company stock valued at $4,693,318 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Saia Company 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.