ArcBest (ARCB) News Today

ArcBest (NASDAQ:ARCB) Shares Down 5.8%

UniSuper Management Pty Ltd acquired a new stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,673 shares of the transportation company

ArcBest (NASDAQ:ARCB) will be releasing earnings before the market opens on Friday, August 2, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=174608)

PAX Financial Group LLC acquired a new stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,421 shares of the transportation company

Bank of America boosted their target price on ArcBest from $110.00 to $112.00 and gave the stock an "underperform" rating in a research note on Monday.

Russell Investments Group Ltd. decreased its position in ArcBest Co. (NASDAQ:ARCB - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,631 shares of the transportation company's stock after selling 4,

Inspire Investing LLC increased its position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 39.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,002 shares of the transportation company's stock after purc

Empowered Funds LLC reduced its position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 79.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,252 shares of the transportation company's stock after selling 71,6

Lisanti Capital Growth LLC purchased a new position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,730 shares of the transportation company

JPMorgan Chase & Co. cut ArcBest from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $145.00 to $127.00 in a report on Tuesday.

Allspring Global Investments Holdings LLC raised its position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,175 shares of the transportation company's stock after purchasin

Shares of ArcBest Co. (NASDAQ:ARCB - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recomm

Vanguard Group Inc. lowered its stake in ArcBest Co. (NASDAQ:ARCB - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,619,194 shares of the transportation company's stock after selling 41,450 shares d

Goldman Sachs Group Inc. lowered its position in ArcBest Co. (NASDAQ:ARCB - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 217,090 shares of the transportation company's stock after selling 43,722 shares during the p

ArcBest (NASDAQ:ARCB) Shares Gap Up to $107.19

Bridgeway Capital Management LLC trimmed its stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,089 shares of the

Elm Ridge Management LLC raised its stake in ArcBest Co. (NASDAQ:ARCB - Free Report) by 79.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,106 shares of the transportation company's stock after purchasing

Westwood Holdings Group Inc. reduced its holdings in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498,944 shares of the transportation company's stock

Norges Bank purchased a new position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 77,348 shares of the transportation company's stock, valued at approximately $

ArcBest (NASDAQ:ARCB) Stock Price Up 4.4%

ArcBest Co. (NASDAQ:ARCB - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 1,340,000 shares, an increase of 14.5% from the April 30th total of 1,170,000 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 340,000 shares, the short-interest ratio is presently 3.9 days.

Trexquant Investment LP acquired a new position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,765 shares of the transportation company's stock, valu

Oliver Luxxe Assets LLC acquired a new position in ArcBest Co. (NASDAQ:ARCB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,087 shares of the transportation company's stock, valued at app

Jump Financial LLC bought a new stake in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,749 shares of the transportation company's stock, valued at approximately $811,000. S

Nicholas Investment Partners LP grew its stake in ArcBest Co. (NASDAQ:ARCB - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,830 shares of the transportation company's stock after acquiring an addit

Stifel Nicolaus decreased their price objective on shares of ArcBest from $159.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday.

ArcBest Co. (NASDAQ:ARCB - Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,170,000 shares, a drop of 11.4% from the April 15th total of 1,320,000 shares. Based on an average daily volume of 351,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 5.1% of the company's shares are sold short.

ArcBest Co. (NASDAQ:ARCB) announced a quarterly dividend on Friday, April 26th. Shareholders of record on Friday, May 10th will be paid a dividend of 0.12 per share by the transportation company on Friday, May 24th. This represents a $0.48 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 9th.

Victory Capital Management Inc. lowered its position in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 322,645 shares of the transportation company's stock afte

LSV Asset Management lowered its holdings in shares of ArcBest Co. (NASDAQ:ARCB - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601,049 shares of the transportation compan

Bank of America decreased their target price on shares of ArcBest from $143.00 to $110.00 and set an "underperform" rating for the company in a research note on Wednesday.

ArcBest (NASDAQ:ARCB - Get Free Report) posted its quarterly earnings data on Tuesday. The transportation company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.19). ArcBest had a net margin of 4.41% and a return on equity of 15.91%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.58 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year.