Natixis Advisors LLC Has $823,000 Holdings in ArcBest Corporation (NASDAQ:ARCB)

Natixis Advisors LLC cut its position in shares of ArcBest Corporation (NASDAQ:ARCB - Free Report) by 26.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,662 shares of the transportation company's stock after selling 4,210 shares during the quarter. Natixis Advisors LLC owned 0.05% of ArcBest worth $823,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ARCB. Summit Investment Advisors Inc. increased its position in ArcBest by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,463 shares of the transportation company's stock worth $230,000 after buying an additional 157 shares during the period. Crossmark Global Holdings Inc. increased its position in ArcBest by 7.1% in the first quarter. Crossmark Global Holdings Inc. now owns 4,303 shares of the transportation company's stock worth $304,000 after buying an additional 285 shares during the period. Franklin Resources Inc. increased its position in ArcBest by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 7,406 shares of the transportation company's stock worth $691,000 after buying an additional 305 shares during the period. Signaturefd LLC increased its position in ArcBest by 477.6% in the first quarter. Signaturefd LLC now owns 387 shares of the transportation company's stock worth $27,000 after buying an additional 320 shares during the period. Finally, CWM LLC increased its position in ArcBest by 338.8% in the first quarter. CWM LLC now owns 452 shares of the transportation company's stock worth $32,000 after buying an additional 349 shares during the period. 99.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ARCB. The Goldman Sachs Group raised ArcBest from a "neutral" rating to a "buy" rating and raised their price target for the company from $84.00 to $101.00 in a report on Monday, June 2nd. Zacks Research raised ArcBest to a "strong sell" rating in a report on Monday. UBS Group lowered their price target on ArcBest from $84.00 to $73.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus lowered their price target on ArcBest from $93.00 to $81.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, TD Cowen lowered their price target on ArcBest from $80.00 to $72.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.00.

ArcBest Trading Down 0.9%

Shares of NASDAQ:ARCB traded down $0.64 during midday trading on Friday, reaching $72.88. The company had a trading volume of 43,525 shares, compared to its average volume of 376,383. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 0.96. ArcBest Corporation has a 1-year low of $55.19 and a 1-year high of $123.25. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.87 and a beta of 1.69. The company has a fifty day simple moving average of $75.82 and a two-hundred day simple moving average of $73.66.

ArcBest (NASDAQ:ARCB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). ArcBest had a net margin of 3.90% and a return on equity of 8.67%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $1.98 EPS. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts predict that ArcBest Corporation will post 7 earnings per share for the current year.

ArcBest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. ArcBest's dividend payout ratio (DPR) is presently 7.14%.

About ArcBest

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.