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

Capital Advisors Inc. OK lowered its stake in shares of ArcBest Co. (NASDAQ:ARCB) by 61.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARCB. State Street Corp boosted its position in ArcBest by 1.9% during the third quarter. State Street Corp now owns 957,410 shares of the transportation company’s stock valued at $103,831,000 after purchasing an additional 17,542 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of ArcBest by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 551,821 shares of the transportation company’s stock worth $59,856,000 after purchasing an additional 3,475 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ArcBest by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 414,261 shares of the transportation company’s stock valued at $44,927,000 after buying an additional 21,905 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ArcBest by 24.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,507 shares of the transportation company’s stock valued at $24,022,000 after buying an additional 43,707 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ArcBest by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,672 shares of the transportation company’s stock valued at $12,653,000 after buying an additional 16,103 shares in the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ArcBest

In other news, Director Craig E. Philip sold 3,900 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $109.91, for a total transaction of $428,649.00. Following the sale, the director now directly owns 23,250 shares in the company, valued at approximately $2,555,407.50. The trade was a 14.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.65% of the company’s stock.

ArcBest Stock Down 0.3 %

Shares of ARCB stock opened at $93.75 on Thursday. The stock has a 50 day moving average of $98.35 and a 200-day moving average of $104.29. The firm has a market cap of $2.19 billion, a PE ratio of 12.79, a price-to-earnings-growth 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 issued 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 net margin of 4.16% and a return on equity of 11.79%. During the same period in the prior year, the firm posted $2.47 earnings per share. On average, equities analysts predict that ArcBest Co. will post 7 EPS for the current year.

ArcBest Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.12 per share. 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 is 6.55%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of ArcBest from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of ArcBest from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on ArcBest from $105.00 to $96.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Citigroup upped their price target on ArcBest from $110.00 to $127.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their price objective on ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $118.91.

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.