ArcBest Corporation (NASDAQ:ARCB) COO James A. Ingram sold 6,918 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $27.14, for a total transaction of $187,754.52. Following the transaction, the chief operating officer now directly owns 43,500 shares of the company’s stock, valued at $1,180,590. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of ArcBest Corporation (NASDAQ ARCB) traded down 2.78% during mid-day trading on Tuesday, hitting $26.25. 145,986 shares of the stock were exchanged. The firm has a market cap of $674.78 million, a price-to-earnings ratio of 30.35 and a beta of 1.62. ArcBest Corporation has a 1-year low of $16.95 and a 1-year high of $33.95. The company’s 50-day moving average is $23.10 and its 200-day moving average is $24.52.

ArcBest Corporation (NASDAQ:ARCB) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The firm had revenue of $720.40 million during 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. Equities research analysts anticipate that ArcBest Corporation will post $1.31 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $0.32 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, August 4th. ArcBest Corporation’s dividend payout ratio (DPR) is presently 37.21%.

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ARCB has been the subject of a number of analyst reports. Deutsche Bank AG reduced their target price on shares of ArcBest Corporation from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Monday, May 8th. Zacks Investment Research lowered shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. BidaskClub lowered shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of ArcBest Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Cowen and Company reissued a “buy” rating and set a $29.00 target price on shares of ArcBest Corporation in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacad Investment Ltd. raised its position in shares of ArcBest Corporation by 34.1% in the second quarter. Pacad Investment Ltd. now owns 5,900 shares of the transportation company’s stock valued at $122,000 after buying an additional 1,500 shares during the period. Mason Street Advisors LLC raised its position in shares of ArcBest Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 5,569 shares of the transportation company’s stock valued at $145,000 after buying an additional 362 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of ArcBest Corporation by 61.6% in the second quarter. BNP Paribas Arbitrage SA now owns 7,757 shares of the transportation company’s stock valued at $160,000 after buying an additional 2,957 shares during the period. Louisiana State Employees Retirement System raised its position in shares of ArcBest Corporation by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the transportation company’s stock valued at $202,000 after buying an additional 100 shares during the period. Finally, Stephens Inc. AR raised its position in shares of ArcBest Corporation by 0.7% in the first quarter. Stephens Inc. AR now owns 8,728 shares of the transportation company’s stock valued at $227,000 after buying an additional 60 shares during the period. 85.07% of the stock is currently owned by institutional investors.

About ArcBest Corporation

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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