Capital Advisors Inc. OK Sells 4,755 Shares of ArcBest Co. (NASDAQ:ARCB)

Capital Advisors Inc. OK cut its stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of ArcBest by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 221,507 shares of the transportation company's stock worth $24,022,000 after buying an additional 43,707 shares during the last quarter. Barclays PLC raised its position in ArcBest by 342.5% in the third quarter. Barclays PLC now owns 43,134 shares of the transportation company's stock worth $4,678,000 after acquiring an additional 33,386 shares during the period. Partners Group Holding AG boosted its stake in shares of ArcBest by 51.5% during the 3rd quarter. Partners Group Holding AG now owns 87,842 shares of the transportation company's stock worth $9,526,000 after acquiring an additional 29,849 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 21,905 shares during the period. Finally, Citigroup Inc. increased its stake in shares of ArcBest by 91.1% in the 3rd quarter. Citigroup Inc. now owns 45,313 shares of the transportation company's stock worth $4,914,000 after purchasing an additional 21,606 shares in the last quarter. 99.27% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus boosted 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. Wells Fargo & Company cut their price objective on ArcBest from $105.00 to $96.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. UBS Group reduced their target price on shares of ArcBest from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Morgan Stanley lowered their price target 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. Finally, JPMorgan Chase & Co. reduced 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $118.91.

Insider Activity at ArcBest

In other news, Director Craig E. Philip sold 3,900 shares of the business's stock in a transaction dated 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 directly owns 23,250 shares in the company, valued at $2,555,407.50. The trade was a 14.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.65% of the stock is owned by insiders.

ArcBest Price Performance

NASDAQ ARCB traded down $0.44 on Friday, reaching $94.56. The company had a trading volume of 213,079 shares, compared to its average volume of 270,177. The firm's 50 day moving average price is $97.85 and its 200 day moving average price is $103.75. ArcBest Co. has a 12 month low of $90.25 and a 12 month high of $153.60. The stock has a market capitalization of $2.21 billion, a PE ratio of 12.90, 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 (NASDAQ:ARCB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $2.47 earnings per share. As a group, equities analysts predict that ArcBest Co. will post 7 earnings per share for the current year.

ArcBest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, February 11th. ArcBest's dividend payout ratio is presently 6.55%.

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.