Jones Financial Companies Lllp Purchases 65 Shares of Saia, Inc. (NASDAQ:SAIA)

Jones Financial Companies Lllp lifted its position in Saia, Inc. (NASDAQ:SAIA) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201 shares of the transportation company’s stock after buying an additional 65 shares during the quarter. Jones Financial Companies Lllp’s holdings in Saia were worth $92,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SAIA. Artemis Investment Management LLP grew its stake in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $45,767,000. Wasatch Advisors LP grew its stake in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia in the 3rd quarter valued at approximately $22,979,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $15,577,000.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $353.64 on Monday. The business has a fifty day simple moving average of $452.28 and a 200 day simple moving average of $467.36. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a one year low of $347.11 and a one year high of $624.55.

Saia (NASDAQ:SAIA) last issued its 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). The firm 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 business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 earnings per share. Sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays decreased their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $526.39.

Insider Activity at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

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.