JPMorgan Chase & Co. Sells 16,130 Shares of Saia, Inc. (NASDAQ:SAIA)

JPMorgan Chase & Co. lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,080,530 shares of the transportation company's stock after selling 16,130 shares during the period. JPMorgan Chase & Co. owned about 4.06% of Saia worth $472,473,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new stake in Saia in the third quarter valued at approximately $1,408,000. Franklin Resources Inc. increased its stake in shares of Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock worth $31,633,000 after buying an additional 3,886 shares during the period. Tidal Investments LLC raised its holdings in Saia by 20.2% during the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock valued at $1,872,000 after buying an additional 719 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Saia by 4.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,927 shares of the transportation company's stock valued at $2,154,000 after buying an additional 232 shares during the period. Finally, Rehmann Capital Advisory Group bought a new stake in Saia in the 3rd quarter worth $213,000.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company's stock.

Saia Stock Down 0.2 %

SAIA stock traded down $0.86 on Friday, reaching $475.31. 151,474 shares of the company traded hands, compared to its average volume of 383,958. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a fifty day simple moving average of $511.92 and a 200-day simple moving average of $459.55. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company has a market cap of $12.64 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the previous year, the business earned $3.67 earnings per share. Saia's revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Saia, Inc. will post 13.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Saia from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Barclays upped their price target on Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Susquehanna lifted their price objective on Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research report on Wednesday, September 18th. Citigroup reduced their target price on Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price target on shares of Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $514.88.

About Saia

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.