Segall Bryant & Hamill LLC Sells 1,291 Shares of ArcBest Co. (NASDAQ:ARCB)

Segall Bryant & Hamill LLC trimmed its position in ArcBest Co. (NASDAQ:ARCB) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 268,038 shares of the transportation company’s stock after selling 1,291 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ArcBest were worth $25,013,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in ArcBest by 17.9% in the 3rd quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company’s stock worth $68,000 after acquiring an additional 95 shares during the last quarter. Arizona State Retirement System increased its position in ArcBest by 1.6% in the fourth quarter. Arizona State Retirement System now owns 6,856 shares of the transportation company’s stock worth $640,000 after purchasing an additional 108 shares during the last quarter. Stephens Inc. AR raised its stake in ArcBest by 2.1% during the fourth quarter. Stephens Inc. AR now owns 8,128 shares of the transportation company’s stock valued at $758,000 after purchasing an additional 170 shares in the last quarter. Empowered Funds LLC lifted its position in ArcBest by 4.9% during the third quarter. Empowered Funds LLC now owns 3,695 shares of the transportation company’s stock valued at $401,000 after purchasing an additional 173 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of ArcBest by 146.3% in the 4th quarter. Blue Trust Inc. now owns 298 shares of the transportation company’s stock worth $28,000 after buying an additional 177 shares in the last quarter. 99.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO John Matthew Beasley bought 700 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $74.89 per share, with a total value of $52,423.00. Following the transaction, the chief financial officer now owns 8,142 shares of the company’s stock, valued at $609,754.38. The trade was a 9.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ARCB shares. Bank of America lowered their price target on shares of ArcBest from $100.00 to $73.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus lifted their target price on ArcBest from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group cut their target price on ArcBest from $126.00 to $108.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Stephens restated an “overweight” rating and issued a $116.00 price target on shares of ArcBest in a research report on Tuesday, March 11th. Finally, Morgan Stanley cut their price objective on shares of ArcBest from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, ArcBest presently has a consensus rating of “Hold” and an average price target of $108.33.

ArcBest Price Performance

Shares of ARCB stock opened at $74.47 on Tuesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.70 and a beta of 1.54. The company’s 50-day simple moving average is $87.37 and its two-hundred day simple moving average is $98.62. ArcBest Co. has a one year low of $68.83 and a one year high of $153.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.04.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings data on Friday, January 31st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.11 by $0.22. ArcBest had a return on equity of 11.79% and a net margin of 4.16%. During the same quarter in the prior year, the company posted $2.47 EPS. As a group, equities analysts anticipate that ArcBest Co. will post 7 EPS for the current year.

ArcBest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, February 11th. ArcBest’s dividend payout ratio (DPR) is presently 6.55%.

ArcBest Company Profile

ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.