Yousif Capital Management LLC Sells 283 Shares of ArcBest Co. (NASDAQ:ARCB)

Yousif Capital Management LLC lowered its holdings in shares of ArcBest Co. (NASDAQ:ARCB) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,922 shares of the transportation company’s stock after selling 283 shares during the period. Yousif Capital Management LLC’s holdings in ArcBest were worth $833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARCB. State Street Corp increased its holdings in ArcBest by 1.9% in the 3rd quarter. State Street Corp now owns 957,410 shares of the transportation company’s stock worth $103,831,000 after buying an additional 17,542 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 43,707 shares during the period. Intech Investment Management LLC raised its stake in ArcBest by 92.3% during the 3rd quarter. Intech Investment Management LLC now owns 10,753 shares of the transportation company’s stock valued at $1,166,000 after purchasing an additional 5,161 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ArcBest by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 116,672 shares of the transportation company’s stock valued at $12,653,000 after acquiring an additional 16,103 shares during the last quarter. Finally, Barclays PLC increased its stake in ArcBest by 342.5% in 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. 99.27% of the stock is currently owned by institutional investors.

ArcBest Trading Down 0.5 %

ARCB opened at $94.56 on Friday. The company’s 50 day simple moving average is $97.85 and its two-hundred day simple moving average is $103.90. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.04. ArcBest Co. has a 1-year low of $90.25 and a 1-year high of $153.60.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, topping 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 quarter in the previous year, the firm posted $2.47 earnings per share. Analysts expect that ArcBest Co. will post 7 EPS for the current fiscal year.

ArcBest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be issued 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 yield of 0.51%. ArcBest’s dividend payout ratio (DPR) is presently 6.55%.

Analyst Ratings Changes

ARCB has been the topic of several analyst reports. UBS Group cut their target price on ArcBest from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus raised their price objective on ArcBest from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut their price target on shares of ArcBest from $105.00 to $96.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, Morgan Stanley decreased their price target on ArcBest from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $118.91.

Insider Buying and Selling

In other ArcBest news, Director Craig E. Philip sold 3,900 shares of ArcBest stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $109.91, for a total transaction of $428,649.00. Following the completion of the sale, the director now directly owns 23,250 shares of the company’s stock, valued at $2,555,407.50. The trade was a 14.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.