Shares of ArcBest Co. (NASDAQ:ARCB – Get Free Report) have earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $108.33.
Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on ArcBest from $105.00 to $96.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Bank of America reduced their price objective on ArcBest from $100.00 to $73.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Morgan Stanley reduced their price objective on ArcBest from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus increased their price objective on ArcBest from $109.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group dropped their target price on ArcBest from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd.
View Our Latest Report on ARCB
Insider Buying and Selling
Institutional Investors Weigh In On ArcBest
A number of large investors have recently added to or reduced their stakes in ARCB. Blue Trust Inc. raised its position in ArcBest by 146.3% during the fourth quarter. Blue Trust Inc. now owns 298 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 177 shares in the last quarter. R Squared Ltd purchased a new stake in ArcBest during the fourth quarter valued at about $40,000. Smartleaf Asset Management LLC raised its position in ArcBest by 471.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 453 shares in the last quarter. Quest Partners LLC grew its stake in shares of ArcBest by 60.6% during the third quarter. Quest Partners LLC now owns 546 shares of the transportation company’s stock valued at $59,000 after buying an additional 206 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of ArcBest by 17.9% during the third quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company’s stock valued at $68,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 99.27% of the company’s stock.
ArcBest Stock Performance
ARCB stock opened at $75.84 on Tuesday. The firm has a market cap of $1.76 billion, a PE ratio of 10.35, a P/E/G ratio of 1.70 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $89.61 and a 200-day moving average of $99.73. ArcBest has a 12-month low of $70.96 and a 12-month high of $153.61.
ArcBest (NASDAQ:ARCB – Get Free Report) last released its earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts expect that ArcBest will post 7 earnings per share for the current year.
ArcBest Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.63%. ArcBest’s dividend payout ratio (DPR) is presently 6.55%.
About ArcBest
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.
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