ArcBest Corporation (NASDAQ:ARCB) Given Average Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Fourteen brokerages cover ArcBest, with eight hold ratings and six buy ratings, and the average 1‑year target price is $97.17.
• Q4 earnings miss: ArcBest reported $0.36 EPS versus a $0.45 consensus (revenue $972.7M, slightly above estimates) with revenue down 2.9% YoY, a net margin of 1.5% and ROE of 6.51%.
• Dividend and ownership: The company pays a $0.12 quarterly dividend (annualized $0.48, yield ~0.4%, DPR ~18.4%), and institutional investors own about 99.27% of the stock, with recent buying by AQR, UBS AM and Jane Street.

ArcBest Corporation (NASDAQ:ARCB - Get Free Report) has received a consensus rating of "Hold" from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $97.1667.

ARCB has been the subject of several analyst reports. UBS Group reaffirmed a "neutral" rating and set a $98.00 target price on shares of ArcBest in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ArcBest in a research report on Wednesday, January 21st. Bank of America raised their target price on ArcBest from $72.00 to $84.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 23rd. Zacks Research raised ArcBest from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Finally, Stifel Nicolaus lowered their target price on ArcBest from $96.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, February 2nd.

ArcBest Stock Up 1.5%

Shares of NASDAQ:ARCB opened at $110.16 on Wednesday. The firm has a market cap of $2.46 billion, a P/E ratio of 42.21, a P/E/G ratio of 0.76 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. ArcBest has a 12-month low of $55.19 and a 12-month high of $112.92. The business has a fifty day simple moving average of $99.76 and a 200 day simple moving average of $84.05.

ArcBest (NASDAQ:ARCB - Get Free Report) last announced its earnings results on Friday, January 30th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.09). The company had revenue of $972.69 million for the quarter, compared to the consensus estimate of $963.74 million. ArcBest had a return on equity of 6.51% and a net margin of 1.50%.The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 earnings per share. Analysts predict that ArcBest will post 7 earnings per share for the current year.

ArcBest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 10th. ArcBest's dividend payout ratio (DPR) is currently 18.39%.

Institutional Trading of ArcBest

A number of large investors have recently bought and sold shares of ARCB. AQR Capital Management LLC grew its holdings in ArcBest by 300.3% during the 1st quarter. AQR Capital Management LLC now owns 26,896 shares of the transportation company's stock worth $1,898,000 after acquiring an additional 20,177 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ArcBest by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,017 shares of the transportation company's stock worth $989,000 after acquiring an additional 619 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ArcBest by 215.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 153,138 shares of the transportation company's stock worth $10,808,000 after acquiring an additional 104,643 shares during the period. Jane Street Group LLC grew its holdings in ArcBest by 278.2% during the 1st quarter. Jane Street Group LLC now owns 45,591 shares of the transportation company's stock worth $3,218,000 after acquiring an additional 33,537 shares during the period. Finally, Intech Investment Management LLC grew its holdings in ArcBest by 3.4% during the 1st quarter. Intech Investment Management LLC now owns 20,135 shares of the transportation company's stock worth $1,421,000 after acquiring an additional 655 shares during the period. 99.27% of the stock is currently owned by institutional investors and hedge funds.

ArcBest Company Profile

ArcBest Corporation NASDAQ: ARCB is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.

The company's asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.

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