Vaughan Nelson Investment Management L.P. Has $118.50 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Vaughan Nelson Investment Management L.P. lessened its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 339,128 shares of the transportation company's stock after selling 77,248 shares during the quarter. Saia makes up about 1.2% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 25th biggest position. Vaughan Nelson Investment Management L.P. owned about 1.27% of Saia worth $118,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. Balyasny Asset Management L.P. boosted its stake 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 worth $169,863,000 after acquiring an additional 371,232 shares during the period. Select Equity Group L.P. acquired a new position in shares of Saia during the 4th quarter worth approximately $137,199,000. Interval Partners LP bought a new stake in Saia in the 4th quarter valued at $89,229,000. Finally, Ameriprise Financial Inc. raised its stake in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after acquiring an additional 153,896 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the topic of several research reports. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Evercore ISI reduced their price objective on Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wall Street Zen upgraded Saia to a "sell" rating in a research note on Tuesday, May 13th. Bank of America boosted their price target on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Susquehanna dropped their target price on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Saia currently has a consensus rating of "Hold" and an average target price of $333.84.

Saia Price Performance

Shares of SAIA traded up $2.19 during midday trading on Monday, hitting $263.00. The company's stock had a trading volume of 144,515 shares, compared to its average volume of 508,316. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.24 and a beta of 2.00. The company's fifty day simple moving average is $285.28 and its two-hundred day simple moving average is $391.26.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 11.28% and a return on equity of 16.63%. The business's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.38 EPS. As a group, equities analysts expect that Saia, Inc. will post 15.46 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.