Charles Schwab Investment Management Inc. Has $39.77 Million Stock Holdings in ArcBest Co. (NASDAQ:ARCB)

Charles Schwab Investment Management Inc. lifted its position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 426,155 shares of the transportation company's stock after acquiring an additional 11,894 shares during the period. Charles Schwab Investment Management Inc. owned 1.82% of ArcBest worth $39,769,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in ArcBest by 146.3% during the 4th quarter. Blue Trust Inc. now owns 298 shares of the transportation company's stock valued at $28,000 after acquiring an additional 177 shares in the last quarter. R Squared Ltd acquired a new position in shares of ArcBest during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC raised its stake in shares of ArcBest by 471.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the transportation company's stock valued at $51,000 after purchasing an additional 453 shares in the last quarter. Quest Partners LLC grew its position in ArcBest by 60.6% in 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 in the last quarter. Finally, Avior Wealth Management LLC increased its stake in ArcBest by 17.9% during the 3rd quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company's stock valued at $68,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 99.27% of the company's stock.

ArcBest Trading Down 0.9 %

Shares of NASDAQ:ARCB traded down $0.65 during mid-day trading on Wednesday, hitting $71.80. The stock had a trading volume of 185,495 shares, compared to its average volume of 284,335. The company has a market cap of $1.66 billion, a PE ratio of 9.82, a P/E/G ratio of 1.70 and a beta of 1.54. The company's 50 day moving average is $89.16 and its 200-day moving average is $99.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.04 and a current ratio of 1.01. ArcBest Co. has a 12-month low of $70.70 and a 12-month high of $153.61.

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ArcBest (NASDAQ:ARCB - Get Free Report) last posted 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 last year, the business earned $2.47 EPS. On average, sell-side analysts predict that ArcBest Co. will post 7 EPS for the current year.

ArcBest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. ArcBest's dividend payout ratio is currently 6.55%.

Analyst Ratings Changes

Several research firms have recently issued reports on ARCB. The Goldman Sachs Group decreased their price objective on shares of ArcBest from $126.00 to $108.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Wells Fargo & Company decreased their price target 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. Morgan Stanley dropped their price objective on ArcBest from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Bank of America decreased their target price on ArcBest from $100.00 to $73.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Finally, Citigroup dropped their price target on shares of ArcBest from $103.00 to $83.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $108.33.

Insider Activity at ArcBest

In other news, CFO John Matthew Beasley acquired 700 shares of ArcBest stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $74.89 per share, with a total value of $52,423.00. Following the completion of the transaction, the chief financial officer now owns 8,142 shares in the company, valued at approximately $609,754.38. This trade represents a 9.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.65% of the stock is currently owned by insiders.

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.