Capital Advisors Inc. OK Has $280,000 Stock Holdings in ArcBest Co. (NASDAQ:ARCB)

Capital Advisors Inc. OK trimmed its stake in shares of ArcBest Co. (NASDAQ:ARCB) by 61.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,000 shares of the transportation company’s stock after selling 4,755 shares during the period. Capital Advisors Inc. OK’s holdings in ArcBest were worth $280,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of ArcBest by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,507 shares of the transportation company’s stock worth $24,022,000 after purchasing an additional 43,707 shares during the last quarter. Barclays PLC boosted its position in ArcBest by 342.5% in the third quarter. Barclays PLC now owns 43,134 shares of the transportation company’s stock valued at $4,678,000 after buying an additional 33,386 shares in the last quarter. Partners Group Holding AG grew its stake in ArcBest by 51.5% during the third quarter. Partners Group Holding AG now owns 87,842 shares of the transportation company’s stock worth $9,526,000 after buying an additional 29,849 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ArcBest by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 414,261 shares of the transportation company’s stock worth $44,927,000 after buying an additional 21,905 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of ArcBest by 91.1% in the third quarter. Citigroup Inc. now owns 45,313 shares of the transportation company’s stock valued at $4,914,000 after acquiring an additional 21,606 shares during the last quarter. 99.27% of the stock is currently owned by institutional investors.

Insider Transactions at ArcBest

In related news, Director Craig E. Philip sold 3,900 shares of ArcBest stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $109.91, for a total transaction of $428,649.00. Following the transaction, the director now owns 23,250 shares of the company’s stock, valued at $2,555,407.50. This trade represents a 14.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.65% of the company’s stock.

ArcBest Trading Down 0.3 %

ARCB opened at $93.75 on Thursday. ArcBest Co. has a fifty-two week low of $90.25 and a fifty-two week high of $153.60. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $98.35 and a 200 day simple moving average of $104.29.

ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $2.47 EPS. On average, sell-side analysts anticipate that ArcBest Co. will post 7 earnings per share for the current year.

ArcBest Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Tuesday, February 11th. ArcBest’s dividend payout ratio (DPR) is currently 6.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARCB. Morgan Stanley decreased their price target on ArcBest from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. UBS Group decreased their target price on ArcBest from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on ArcBest from $109.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Citigroup boosted their target price on shares of ArcBest from $110.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ArcBest currently has a consensus rating of “Hold” and an average target price of $118.91.

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.