Saia, Inc. (NASDAQ:SAIA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Saia, Inc. (NASDAQ:SAIA) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,019,876 shares of the transportation company’s stock after selling 60,654 shares during the period. JPMorgan Chase & Co.’s holdings in Saia were worth $464,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in Saia in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc acquired a new stake in shares of Saia in the fourth quarter valued at approximately $36,000. Tortoise Investment Management LLC lifted its position in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after buying an additional 65 shares in the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $359.00 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market cap of $9.56 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.24 and a beta of 1.89. The stock has a 50-day moving average of $431.71 and a two-hundred day moving average of $464.75. Saia, Inc. has a 1-year low of $342.68 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business 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 company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.33 EPS. As a group, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SAIA shares. Barclays cut their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $520.28.

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.