Summit Global Investments Buys 6,549 Shares of ArcBest Corporation $ARCB

Posted by Brian Himes on Nov 3rd, 2026

Summit Global Investments bought a new position in shares of ArcBest Corporation (NASDAQ:ARCB – Free Report) during the third quarter, Holdings Channel reports. The firm bought 6,549 shares of the transportation company’s stock, valued at approximately $835,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming increased its holdings in ArcBest by 87.6% during the third quarter. State of Wyoming now owns 3,629 shares of the transportation company’s stock worth $462,000 after buying an additional 1,695 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in ArcBest by 15.2% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 19,000 shares of the transportation company’s stock worth $2,421,000 after acquiring an additional 2,500 shares during the period. BOKF NA boosted its stake in ArcBest by 34.6% in the third quarter. BOKF NA now owns 6,574 shares of the transportation company’s stock valued at $838,000 after acquiring an additional 1,689 shares during the last quarter. Moody Aldrich Partners LLC boosted its stake in ArcBest by 45.3% in the third quarter. Moody Aldrich Partners LLC now owns 41,389 shares of the transportation company’s stock valued at $5,275,000 after acquiring an additional 12,899 shares during the last quarter. Finally, Pullen Investment Management LLC boosted its stake in ArcBest by 0.6% in the third quarter. Pullen Investment Management LLC now owns 29,030 shares of the transportation company’s stock valued at $3,700,000 after acquiring an additional 162 shares during the last quarter. 99.27% of the stock is owned by hedge funds and other institutional investors.

ArcBest Trading Up 4.4%

Shares of ARCB opened at $130.96 on Tuesday. ArcBest Corporation has a fifty-two week low of $59.43 and a fifty-two week high of $176.69. The business has a 50-day moving average of $131.44 and a 200 day moving average of $124.47. The firm has a market cap of $2.93 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 0.38 and a beta of 1.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97.

ArcBest Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, November 13th. ArcBest’s dividend payout ratio (DPR) is currently 69.57%.

Insider Activity

In other news, VP Jason Parks sold 855 shares of ArcBest stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $135.09, for a total value of $115,501.95. Following the completion of the transaction, the vice president owned 3,794 shares in the company, valued at $512,531.46. This trade represents a 18.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy McReynolds sold 2,857 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $138.98, for a total transaction of $397,065.86. Following the completion of the sale, the director directly owned 50,048 shares in the company, valued at approximately $6,955,671.04. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,155 shares of company stock valued at $713,578 in the last quarter. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARCB. The Goldman Sachs Group reissued a “buy” rating and set a $172.00 target price on shares of ArcBest in a research report on Wednesday, July 29th. Zacks Research cut shares of ArcBest from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Citizens Jmp initiated coverage on ArcBest in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $180.00 price objective on the stock. Citigroup reissued a “cautious” rating on shares of ArcBest in a report on Wednesday, October 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ArcBest in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.15.

View Our Latest Analysis on ArcBest

ArcBest Profile

(Free Report)

ArcBest Corporation (NASDAQ: ARCB) is a multibillion-dollar logistics company headquartered in Fort Smith, Arkansas. The company provides freight transportation and supply chain solutions through a combination of asset-based and asset-light operations, serving businesses across North America and supporting select international shipping needs.

Its asset-based business is led by ABF Freight, a less-than-truckload carrier that transports palletized and industrial freight. ArcBest also offers expedited transportation, truckload and brokerage services, intermodal transportation, managed transportation, warehouse and distribution support, and supply chain consulting.