32,085 Shares in ArcBest Co. (NASDAQ:ARCB) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,085 shares of the transportation company's stock, valued at approximately $2,994,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of ArcBest as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mackenzie Financial Corp boosted its holdings in ArcBest by 71.0% in the fourth quarter. Mackenzie Financial Corp now owns 15,449 shares of the transportation company's stock worth $1,442,000 after purchasing an additional 6,412 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in ArcBest by 3.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 35,270 shares of the transportation company's stock worth $3,291,000 after purchasing an additional 1,146 shares in the last quarter. Zimmer Partners LP boosted its holdings in ArcBest by 23.5% in the fourth quarter. Zimmer Partners LP now owns 105,000 shares of the transportation company's stock worth $9,799,000 after purchasing an additional 20,000 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in ArcBest by 2.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 635,858 shares of the transportation company's stock worth $59,338,000 after purchasing an additional 16,239 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in ArcBest by 147.1% in the fourth quarter. Two Sigma Advisers LP now owns 16,800 shares of the transportation company's stock worth $1,568,000 after purchasing an additional 10,000 shares in the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ARCB shares. Jefferies Financial Group decreased their price objective on shares of ArcBest from $120.00 to $95.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company cut their target price on shares of ArcBest from $80.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. UBS Group cut their target price on shares of ArcBest from $100.00 to $64.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. TD Cowen cut their target price on shares of ArcBest from $80.00 to $72.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial cut their target price on shares of ArcBest from $93.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.67.

Insider Transactions at ArcBest

In related news, CFO John Matthew Beasley purchased 700 shares of ArcBest stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $74.89 per share, for a total transaction of $52,423.00. Following the transaction, the chief financial officer now directly owns 8,142 shares of the company's stock, valued at approximately $609,754.38. This trade represents a 9.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.28% of the stock is owned by corporate insiders.

ArcBest Trading Up 0.7%

ARCB traded up $0.43 during mid-day trading on Friday, reaching $63.70. The stock had a trading volume of 163,144 shares, compared to its average volume of 308,952. The stock has a market capitalization of $1.46 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.70 and a beta of 1.68. 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 fifty day simple moving average is $63.08 and its two-hundred day simple moving average is $82.48. ArcBest Co. has a 52 week low of $55.19 and a 52 week high of $129.83.

ArcBest (NASDAQ:ARCB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). ArcBest had a net margin of 4.16% and a return on equity of 11.79%. The firm had revenue of $967.08 million during the quarter, compared to the consensus estimate of $990.03 million. During the same quarter in the previous year, the business posted $1.34 earnings per share. The firm's quarterly revenue was down 6.7% on a year-over-year basis. On average, equities analysts predict that ArcBest Co. will post 7 EPS for the current year.

ArcBest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.48 annualized dividend and a dividend yield of 0.75%. ArcBest's dividend payout ratio is currently 6.35%.

ArcBest Company 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.