Aberdeen Group plc Invests $7.24 Million in ArcBest Corporation $ARCB

Key Points

• Aberdeen Group plc acquired 97,587 shares of ArcBest (NASDAQ:ARCB) in Q4, a new position valued at about $7.24 million, representing roughly 0.43% ownership.
• ArcBest missed Q4 EPS at $0.36 vs. $0.45 expected, while revenue of $972.7M slightly beat estimates but was down 2.9% year‑over‑year; the stock is up ~4.6%, with a market cap of $2.42B and a P/E of 41.5.
• The company pays a $0.12 quarterly dividend (annualized $0.48, yield ~0.4%), and analysts are mixed—six Buys and eight Holds—with a consensus price target near $97.17.

Aberdeen Group plc acquired a new position in ArcBest Corporation (NASDAQ:ARCB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 97,587 shares of the transportation company's stock, valued at approximately $7,240,000. Aberdeen Group plc owned 0.43% of ArcBest as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARCB. Smartleaf Asset Management LLC grew its stake in shares of ArcBest by 26.9% during the third quarter. Smartleaf Asset Management LLC now owns 675 shares of the transportation company's stock worth $47,000 after acquiring an additional 143 shares during the last quarter. Capital Advisors Inc. OK raised its stake in shares of ArcBest by 3.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 4,375 shares of the transportation company's stock worth $306,000 after buying an additional 145 shares during the period. Rhumbline Advisers increased its position in shares of ArcBest by 0.3% during the third quarter. Rhumbline Advisers now owns 69,115 shares of the transportation company's stock worth $4,829,000 after purchasing an additional 180 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ArcBest by 12.9% during the third quarter. GAMMA Investing LLC now owns 1,809 shares of the transportation company's stock worth $126,000 after purchasing an additional 206 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in ArcBest by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 21,821 shares of the transportation company's stock valued at $1,680,000 after buying an additional 299 shares in the last quarter. 99.27% of the stock is owned by hedge funds and other institutional investors.

ArcBest Stock Up 4.6%

Shares of ArcBest stock opened at $108.34 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The business's 50 day simple moving average is $98.61 and its 200-day simple moving average is $82.83. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 0.70 and a beta of 1.42. ArcBest Corporation has a twelve month low of $55.19 and a twelve month high of $112.92.

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

ArcBest Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. ArcBest's dividend payout ratio (DPR) is 18.39%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARCB. Weiss Ratings reiterated a "hold (c-)" rating on shares of ArcBest in a report on Wednesday, January 21st. The Goldman Sachs Group restated a "buy" rating and set a $100.00 price target on shares of ArcBest in a research note on Saturday, January 31st. Truist Financial lifted their target price on ArcBest from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their price objective on ArcBest from $76.00 to $81.00 and gave the stock a "neutral" rating in a report on Monday, February 2nd. Finally, Bank of America lifted their price objective on ArcBest from $72.00 to $84.00 and gave the company a "neutral" rating in a research report on Tuesday, December 23rd. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, ArcBest has a consensus rating of "Hold" and an average target price of $97.17.

About ArcBest

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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