Yousif Capital Management LLC Lowers Stock Position in ArcBest Co. (NASDAQ:ARCB)

Yousif Capital Management LLC trimmed its position in ArcBest Co. (NASDAQ:ARCB) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,922 shares of the transportation company’s stock after selling 283 shares during the period. Yousif Capital Management LLC’s holdings in ArcBest were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ARCB. Blue Trust Inc. increased its stake in ArcBest by 146.3% in the 4th 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 acquired a new position in shares of ArcBest during the 4th quarter valued at about $40,000. Quest Partners LLC grew its stake in shares of ArcBest by 60.6% during the 3rd 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 period. Avior Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 95 shares during the period. Finally, KBC Group NV grew its stake in ArcBest by 36.8% during the third quarter. KBC Group NV now owns 851 shares of the transportation company’s stock worth $92,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 99.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ARCB. JPMorgan Chase & Co. reduced their price target on ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Morgan Stanley dropped their target price on shares of ArcBest from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. 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. Citigroup lifted their target price on ArcBest from $110.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their target price on ArcBest from $105.00 to $96.00 and set an “equal weight” rating for the company 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 five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $118.91.

ArcBest Price Performance

ARCB opened at $94.56 on Friday. The stock has a fifty day moving average of $97.85 and a 200-day moving average of $103.90. The firm has a market capitalization of $2.21 billion, a P/E ratio of 12.90, a PEG ratio of 1.87 and a beta of 1.51. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. ArcBest Co. has a 12-month low of $90.25 and a 12-month high of $153.60.

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

ArcBest Dividend Announcement

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

Insider Activity at ArcBest

In other news, Director Craig E. Philip sold 3,900 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $109.91, for a total value of $428,649.00. Following the sale, the director now owns 23,250 shares in the company, valued at approximately $2,555,407.50. This trade represents a 14.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.65% of the stock is currently owned by company insiders.

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.