Alamea Verwaltungs GmbH Invests $355,000 in ArcBest Corporation $ARCB

Alamea Verwaltungs GmbH purchased a new stake in shares of ArcBest Corporation (NASDAQ:ARCB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,787 shares of the transportation company’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARCB. Turtle Creek Asset Management Inc. acquired a new stake in ArcBest during the third quarter valued at $39,508,000. Principal Financial Group Inc. grew its position in ArcBest by 349.9% during the fourth quarter. Principal Financial Group Inc. now owns 493,780 shares of the transportation company’s stock valued at $36,634,000 after buying an additional 384,024 shares during the period. Ameriprise Financial Inc. grew its position in ArcBest by 158.7% during the second quarter. Ameriprise Financial Inc. now owns 490,064 shares of the transportation company’s stock valued at $37,740,000 after buying an additional 300,642 shares during the period. Victory Capital Management Inc. grew its position in ArcBest by 84.6% during the fourth quarter. Victory Capital Management Inc. now owns 390,842 shares of the transportation company’s stock valued at $28,997,000 after buying an additional 179,153 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in ArcBest by 145.9% during the third quarter. Two Sigma Investments LP now owns 281,803 shares of the transportation company’s stock valued at $19,690,000 after purchasing an additional 167,200 shares in the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of ArcBest from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, May 28th. Stifel Nicolaus increased their price objective on shares of ArcBest from $116.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of ArcBest from $117.00 to $147.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. UBS Group boosted their price target on shares of ArcBest from $98.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Truist Financial boosted their price target on shares of ArcBest from $95.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, ArcBest has a consensus rating of “Moderate Buy” and an average price target of $137.08.

ArcBest Price Performance

Shares of ARCB stock opened at $173.04 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average is $126.36 and its two-hundred day moving average is $101.39. ArcBest Corporation has a 12 month low of $59.43 and a 12 month high of $176.69. The company has a market capitalization of $3.85 billion, a PE ratio of 71.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.55.

ArcBest (NASDAQ:ARCB) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. ArcBest had a net margin of 1.38% and a return on equity of 6.15%. The company had revenue of $998.79 million for the quarter, compared to the consensus estimate of $999.07 million. During the same period in the previous year, the firm earned $0.51 earnings per share. ArcBest’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that ArcBest Corporation will post 5.87 earnings per share for the current year.

ArcBest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 8th. ArcBest’s payout ratio is 19.75%.

ArcBest Profile

ArcBest Corporation (NASDAQ: ARCB) is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.

The company’s asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.