Moody Aldrich Partners LLC Has $4.45 Million Holdings in ArcBest Co. (NASDAQ:ARCB)

Moody Aldrich Partners LLC lessened its stake in ArcBest Co. (NASDAQ:ARCB - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,009 shares of the transportation company's stock after selling 20,395 shares during the period. Moody Aldrich Partners LLC owned 0.16% of ArcBest worth $4,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Evergreen Capital Management LLC acquired a new position in ArcBest in the third quarter valued at $203,000. Schonfeld Strategic Advisors LLC boosted its stake in ArcBest by 385.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 26,717 shares of the transportation company's stock valued at $2,716,000 after acquiring an additional 21,217 shares in the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of ArcBest in the fourth quarter valued at about $806,000. American Century Companies Inc. raised its holdings in shares of ArcBest by 10.5% in the third quarter. American Century Companies Inc. now owns 378,206 shares of the transportation company's stock valued at $38,445,000 after buying an additional 35,968 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of ArcBest by 31.3% in the third quarter. Public Employees Retirement System of Ohio now owns 55,199 shares of the transportation company's stock valued at $5,611,000 after buying an additional 13,165 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARCB. Morgan Stanley upped their target price on shares of ArcBest from $155.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of ArcBest in a report on Monday, January 29th. They issued a "buy" rating and a $148.00 target price for the company. Stephens upped their target price on shares of ArcBest from $165.00 to $205.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Stifel Nicolaus increased their price target on shares of ArcBest from $153.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Finally, UBS Group increased their price target on shares of ArcBest from $119.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.38.

Insider Activity

In other news, insider Erin K. Gattis sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.58, for a total value of $283,160.00. Following the sale, the insider now directly owns 32,247 shares in the company, valued at $4,565,530.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.18% of the company's stock.

ArcBest Price Performance

ArcBest stock traded up $0.17 during mid-day trading on Tuesday, reaching $151.30. The company had a trading volume of 446,077 shares, compared to its average volume of 296,169. ArcBest Co. has a 1 year low of $82.18 and a 1 year high of $153.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $3.56 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.62 and a beta of 1.49. The stock's 50-day simple moving average is $138.40 and its 200-day simple moving average is $121.57.

ArcBest (NASDAQ:ARCB - Get Free Report) last issued its earnings results on Tuesday, February 6th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.25. ArcBest had a net margin of 4.41% and a return on equity of 15.91%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the company posted $2.45 earnings per share. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that ArcBest Co. will post 10.16 EPS for the current year.

ArcBest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.32%. ArcBest's dividend payout ratio (DPR) is presently 6.07%.

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.