Insider Selling: Michael R. Johns Unloads 4,700 Shares of ArcBest Corp Stock (ARCB)
ArcBest Corp (NASDAQ:ARCB) VP Michael R. Johns sold 4,700 shares of ArcBest Corp stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $41.57, for a total transaction of $195,379.00. Following the completion of the sale, the vice president now directly owns 33,703 shares in the company, valued at approximately $1,401,034. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ArcBest Corp (NASDAQ:ARCB) traded down 1.88% on Thursday, hitting $40.24. 437,777 shares of the company’s stock traded hands. ArcBest Corp has a one year low of $16.59 and a one year high of $42.35. The stock’s 50-day moving average is $38. and its 200-day moving average is $34.. The company has a market cap of $1.041 billion and a price-to-earnings ratio of 45.37.
ArcBest Corp (NASDAQ:ARCB) last released its earnings data on Monday, May 5th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.05. On average, analysts predict that ArcBest Corp will post $1.95 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.03 per share. The ex-dividend date is Monday, May 5th.
Separately, analysts at Morgan Stanley initiated coverage on shares of ArcBest Corp in a research note on Monday, May 5th. They set an “equal weight” rating on the stock. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $34.61.
ArcBest Corp., formerly Arkansas Best Corporation, is a provider of freight transportation services and solutions.
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