ArcBest Corporation (NASDAQ:ARCB) insider Daniel E. Loe sold 9,929 shares of ArcBest Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $25.87, for a total transaction of $256,863.23. Following the sale, the insider now directly owns 33,600 shares of the company’s stock, valued at $869,232. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ArcBest Corporation (ARCB) traded up 1.33% on Monday, reaching $26.70. 260,408 shares of the company’s stock were exchanged. ArcBest Corporation has a 1-year low of $16.95 and a 1-year high of $33.95. The firm has a market capitalization of $685.92 million, a price-to-earnings ratio of 30.87 and a beta of 1.62. The stock’s 50 day moving average price is $21.53 and its 200 day moving average price is $24.79.

ArcBest Corporation (NASDAQ:ARCB) last released its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $720.40 million for the quarter, compared to analysts’ expectations of $721.11 million. ArcBest Corporation had a net margin of 0.83% and a return on equity of 4.92%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, analysts expect that ArcBest Corporation will post $1.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 4th. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. ArcBest Corporation’s dividend payout ratio is currently 37.21%.

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Several research firms have recently issued reports on ARCB. Stifel Nicolaus reaffirmed a “hold” rating on shares of ArcBest Corporation in a research report on Thursday. BidaskClub cut shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine cut shares of ArcBest Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company boosted their price target on shares of ArcBest Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Deutsche Bank AG reduced their price target on shares of ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. ArcBest Corporation presently has an average rating of “Hold” and a consensus target price of $26.20.

Several institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of ArcBest Corporation by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,000 shares of the transportation company’s stock valued at $359,000 after buying an additional 970 shares during the last quarter. Norges Bank bought a new stake in ArcBest Corporation during the fourth quarter valued at approximately $861,000. Teachers Advisors LLC boosted its stake in ArcBest Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 63,851 shares of the transportation company’s stock valued at $1,765,000 after buying an additional 1,723 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in ArcBest Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the transportation company’s stock valued at $252,000 after buying an additional 100 shares in the last quarter. Finally, Sanders Morris Harris Inc. bought a new stake in ArcBest Corporation during the first quarter valued at approximately $1,538,000. 86.35% of the stock is currently owned by institutional investors.

ArcBest Corporation Company Profile

ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).

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