Partners Group Holding AG Trims Stock Holdings in ArcBest Co. (NASDAQ:ARCB)

Partners Group Holding AG lowered its holdings in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,713 shares of the transportation company's stock after selling 9,129 shares during the period. Partners Group Holding AG owned about 0.34% of ArcBest worth $7,345,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in ArcBest by 16.3% during the fourth quarter. American Century Companies Inc. now owns 618,919 shares of the transportation company's stock valued at $57,758,000 after buying an additional 86,867 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 43,707 shares during the period. Barclays PLC grew its position in ArcBest by 342.5% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. increased its stake in ArcBest by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 414,261 shares of the transportation company's stock worth $44,927,000 after purchasing an additional 21,905 shares during the period. Finally, Citigroup Inc. lifted its position in ArcBest by 91.1% in the third quarter. Citigroup Inc. now owns 45,313 shares of the transportation company's stock valued at $4,914,000 after purchasing an additional 21,606 shares during the last quarter. Hedge funds and other institutional investors own 99.27% of the company's stock.

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Insider Buying and Selling at ArcBest

In other ArcBest news, CFO John Matthew Beasley bought 700 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $74.89 per share, with a total value of $52,423.00. Following the acquisition, the chief financial officer now directly owns 8,142 shares of the company's stock, valued at $609,754.38. The trade was a 9.41 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ARCB shares. Bank of America decreased their target price on shares of ArcBest from $100.00 to $73.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group decreased their target price on shares of ArcBest from $126.00 to $108.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Citigroup cut their price objective 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. Morgan Stanley decreased their target price on ArcBest from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, UBS Group dropped their price target on ArcBest from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $107.00.

ArcBest Trading Down 0.2 %

Shares of ArcBest stock traded down $0.12 on Thursday, reaching $73.56. The company had a trading volume of 155,169 shares, compared to its average volume of 282,443. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.04 and a current ratio of 1.01. The firm's 50 day moving average price is $85.70 and its two-hundred day moving average price is $98.10. ArcBest Co. has a 52-week low of $68.83 and a 52-week high of $153.61. The firm has a market cap of $1.70 billion, a PE ratio of 10.04, a PEG ratio of 1.70 and a beta of 1.54.

ArcBest (NASDAQ:ARCB - Get Free Report) last released its earnings results on Friday, January 31st. The transportation company reported $1.33 EPS for the quarter, topping 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 business posted $2.47 earnings per share. Sell-side analysts predict that ArcBest Co. will post 7 earnings per share for the current fiscal year.

ArcBest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, February 11th. ArcBest's dividend payout ratio (DPR) is 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.