Janney Montgomery Scott LLC Trims Position in Saia, Inc. (NASDAQ:SAIA)

Janney Montgomery Scott LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,937 shares of the transportation company’s stock after selling 460 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Saia worth $6,807,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SAIA. CIBC Asset Management Inc lifted its position in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 30 shares in the last quarter. UMB Bank n.a. grew its holdings in Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after buying an additional 37 shares in the last quarter. Cim LLC increased its holdings in shares of Saia by 7.6% in the 2nd quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after buying an additional 42 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Saia by 6.0% in the 3rd quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 64 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Citigroup decreased their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays lowered their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price target (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $527.65.

Saia Trading Down 0.8 %

NASDAQ SAIA opened at $495.82 on Wednesday. The firm’s fifty day moving average price is $501.77 and its 200 day moving average price is $461.88. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Buying and Selling at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.