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

JPMorgan Chase & Co. trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,019,876 shares of the transportation company's stock after selling 60,654 shares during the quarter. JPMorgan Chase & Co. owned 3.84% of Saia worth $464,788,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares during the period. Vanguard Group Inc. raised its position in shares of Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after buying an additional 25,090 shares in the last quarter. LPL Financial LLC lifted its position in shares of Saia by 22.6% during the 4th quarter. LPL Financial LLC now owns 25,381 shares of the transportation company's stock valued at $11,567,000 after acquiring an additional 4,679 shares during the period. Fox Run Management L.L.C. bought a new stake in Saia during the fourth quarter worth about $248,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Saia during the 4th quarter worth $2,461,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAIA shares. Jefferies Financial Group lifted their price target on Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research note on Friday, January 10th. The Goldman Sachs Group upped their price objective on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Stephens reissued an "overweight" rating and issued a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Susquehanna decreased their price target on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday. Finally, Wells Fargo & Company decreased their price target on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus price target of $509.72.

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Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $51.11 during trading on Thursday, hitting $319.71. The company's stock had a trading volume of 246,393 shares, compared to its average volume of 431,729. The company has a 50-day moving average of $423.44 and a 200-day moving average of $463.36. 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 firm has a market cap of $8.51 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 12 month low of $318.79 and a 12 month high of $624.55.

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