Nuveen Asset Management LLC Cuts Stake in Saia, Inc. (NASDAQ:SAIA)

Nuveen Asset Management LLC reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,856 shares of the transportation company's stock after selling 17,642 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.27% of Saia worth $32,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in shares of Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after buying an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after buying an additional 371,232 shares in the last quarter. Interval Partners LP bought a new stake in shares of Saia during the 4th quarter valued at $89,229,000. Ameriprise Financial Inc. boosted its holdings in shares of Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after buying an additional 153,896 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Saia during the 4th quarter valued at $64,410,000.

Saia Price Performance

SAIA stock traded down $3.72 during midday trading on Friday, hitting $264.32. The company's stock had a trading volume of 427,907 shares, compared to its average volume of 496,172. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The company has a 50 day moving average of $312.57 and a two-hundred day moving average of $421.63.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.38 earnings per share. On average, analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Cowen restated a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Stephens downgraded Saia from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Saia presently has an average rating of "Hold" and a consensus price target of $345.16.

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.