ArcBest Corporation (NASDAQ:ARCB) Director Janice E. Stipp sold 3,700 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $38.09, for a total transaction of $140,933.00. Following the completion of the transaction, the director now directly owns 20,200 shares of the company’s stock, valued at $769,418. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ArcBest Corporation (NASDAQ:ARCB) traded down $0.75 during mid-day trading on Monday, hitting $37.30. 160,642 shares of the stock traded hands, compared to its average volume of 245,434. The firm has a market capitalization of $975.48, a price-to-earnings ratio of 30.93 and a beta of 1.82. ArcBest Corporation has a twelve month low of $16.95 and a twelve month high of $38.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Friday, November 3rd. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $744.30 million for the quarter, compared to analyst estimates of $750.16 million. ArcBest had a net margin of 0.88% and a return on equity of 5.34%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. sell-side analysts expect that ArcBest Corporation will post 1.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were given a $0.08 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. ArcBest’s dividend payout ratio is presently 34.41%.

Several hedge funds have recently added to or reduced their stakes in ARCB. Ameriprise Financial Inc. boosted its position in ArcBest by 26.0% during the second quarter. Ameriprise Financial Inc. now owns 524,005 shares of the transportation company’s stock worth $10,792,000 after acquiring an additional 108,200 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in ArcBest by 39.4% during the second quarter. Eagle Boston Investment Management Inc. now owns 299,844 shares of the transportation company’s stock worth $6,176,000 after acquiring an additional 84,764 shares during the last quarter. Algert Global LLC acquired a new stake in ArcBest during the third quarter worth approximately $2,824,000. Vanguard Group Inc. boosted its position in ArcBest by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,216,925 shares of the transportation company’s stock worth $45,669,000 after acquiring an additional 83,738 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in ArcBest during the second quarter worth approximately $1,665,000. Institutional investors and hedge funds own 89.57% of the company’s stock.

ARCB has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on shares of ArcBest in a report on Monday, August 21st. They issued a “neutral” rating and a $29.00 target price for the company. ValuEngine raised shares of ArcBest from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $28.00 target price on shares of ArcBest in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price target (up from $21.00) on shares of ArcBest in a research report on Thursday, October 5th. Finally, Zacks Investment Research lowered shares of ArcBest from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.86.

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ArcBest 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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