ArcBest (NASDAQ:ARCB) Sets New 1-Year Low - Should You Sell?

Shares of ArcBest Co. (NASDAQ:ARCB - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $80.42 and last traded at $80.98, with a volume of 166097 shares trading hands. The stock had previously closed at $83.55.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ARCB shares. Wells Fargo & Company decreased their target price on ArcBest from $105.00 to $96.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of ArcBest from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Stifel Nicolaus upped their target price on shares of ArcBest from $109.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley decreased their price target on shares of ArcBest from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Citigroup upped their price objective on ArcBest from $110.00 to $127.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $118.91.

ArcBest Price Performance

The stock has a fifty day simple moving average of $93.92 and a 200-day simple moving average of $102.34. The company has a market capitalization of $1.84 billion, a PE ratio of 10.75, a P/E/G ratio of 1.70 and a beta of 1.51. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.

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ArcBest (NASDAQ:ARCB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share (EPS) 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 business earned $2.47 earnings per share. Equities analysts anticipate that ArcBest Co. will post 7 earnings per share for the current year.

ArcBest Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.48 annualized dividend and a yield of 0.61%. ArcBest's dividend payout ratio is currently 6.55%.

Hedge Funds Weigh In On ArcBest

Several large investors have recently bought and sold shares of ARCB. Creative Planning boosted its stake in shares of ArcBest by 7.6% during the third quarter. Creative Planning now owns 4,933 shares of the transportation company's stock worth $535,000 after buying an additional 349 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of ArcBest by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the transportation company's stock valued at $350,000 after purchasing an additional 124 shares during the period. Stephens Inc. AR raised its stake in shares of ArcBest by 26.0% during the third quarter. Stephens Inc. AR now owns 7,958 shares of the transportation company's stock worth $863,000 after purchasing an additional 1,640 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of ArcBest by 6.5% during the third quarter. QRG Capital Management Inc. now owns 3,156 shares of the transportation company's stock worth $342,000 after purchasing an additional 193 shares during the period. Finally, Meritage Portfolio Management grew its position in ArcBest by 9.3% in the 3rd quarter. Meritage Portfolio Management now owns 3,680 shares of the transportation company's stock valued at $399,000 after buying an additional 312 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company's stock.

About ArcBest

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.