ArcBest (NASDAQ:ARCB) Shares Down 6.2% - Should You Sell?

ArcBest Co. (NASDAQ:ARCB - Get Free Report)'s share price was down 6.2% during mid-day trading on Friday . The company traded as low as $84.65 and last traded at $83.91. Approximately 38,917 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 267,481 shares. The stock had previously closed at $89.44.

Analyst Ratings Changes

ARCB has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of ArcBest from $109.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price target on shares of ArcBest from $105.00 to $96.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Citigroup upped their price target on shares of ArcBest from $110.00 to $127.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. UBS Group dropped their price objective on ArcBest from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $118.91.

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ArcBest Stock Performance

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 company has a 50 day simple moving average of $95.46 and a 200-day simple moving average of $103.00. The firm has a market cap of $1.96 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51.

ArcBest (NASDAQ:ARCB - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.16% and a return on equity of 11.79%. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts anticipate that ArcBest Co. will post 7 EPS for the current year.

ArcBest Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. ArcBest's dividend payout ratio (DPR) is currently 6.55%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARCB. Blue Trust Inc. grew its position in ArcBest by 146.3% during the 4th quarter. Blue Trust Inc. now owns 298 shares of the transportation company's stock worth $28,000 after acquiring an additional 177 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ArcBest during the fourth quarter valued at approximately $40,000. Quest Partners LLC grew its holdings in shares of ArcBest by 60.6% in the third quarter. Quest Partners LLC now owns 546 shares of the transportation company's stock worth $59,000 after purchasing an additional 206 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of ArcBest by 471.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the transportation company's stock worth $51,000 after buying an additional 453 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of ArcBest by 17.9% in the third quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company's stock worth $68,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors 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.