ArcBest Co. (NASDAQ:ARCB) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in shares of ArcBest Co. (NASDAQ:ARCB) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,750 shares of the transportation company’s stock after selling 350 shares during the period. John G Ullman & Associates Inc. owned 0.09% of ArcBest worth $2,615,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. increased its holdings in shares of ArcBest by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the transportation company’s stock valued at $3,513,000 after purchasing an additional 94 shares during the period. Captrust Financial Advisors increased its holdings in shares of ArcBest by 2.6% in the second quarter. Captrust Financial Advisors now owns 4,116 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 104 shares during the period. Guidance Capital Inc. increased its holdings in shares of ArcBest by 4.9% in the third quarter. Guidance Capital Inc. now owns 2,785 shares of the transportation company’s stock valued at $274,000 after purchasing an additional 131 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of ArcBest by 3.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 4,366 shares of the transportation company’s stock valued at $444,000 after purchasing an additional 140 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of ArcBest by 14.0% in the third quarter. Royal Bank of Canada now owns 1,297 shares of the transportation company’s stock valued at $95,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 99.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ARCB shares. The Goldman Sachs Group lifted their price target on ArcBest from $133.00 to $149.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TD Cowen lifted their price target on ArcBest from $141.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on ArcBest in a research note on Monday, January 29th. They issued a “buy” rating and a $148.00 price target on the stock. Stifel Nicolaus lifted their price target on ArcBest from $153.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Stephens lifted their price target on ArcBest from $165.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.54.

Insider Activity

In related news, insider Erin K. Gattis sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $141.58, for a total value of $283,160.00. Following the completion of the transaction, the insider now directly owns 32,247 shares in the company, valued at $4,565,530.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.65% of the company’s stock.

ArcBest Price Performance

Shares of NASDAQ:ARCB traded up $1.79 on Friday, hitting $138.03. The company had a trading volume of 301,782 shares, compared to its average volume of 303,132. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.13. ArcBest Co. has a 52-week low of $82.18 and a 52-week high of $153.60. The business has a 50 day moving average of $140.66 and a 200 day moving average of $123.38. The company has a market cap of $3.24 billion, a PE ratio of 17.22, a PEG ratio of 0.60 and a beta of 1.49.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings data on Tuesday, February 6th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.25. ArcBest had a return on equity of 15.91% and a net margin of 4.41%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $2.45 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. As a group, equities analysts anticipate that ArcBest Co. will post 10.05 earnings per share for the current fiscal year.

ArcBest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.12 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.35%. ArcBest’s dividend payout ratio is currently 6.07%.

ArcBest 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.