Mount Yale Investment Advisors LLC Sells 470 Shares of ArcBest Co. (NASDAQ:ARCB)

Mount Yale Investment Advisors LLC trimmed its position in shares of ArcBest Co. (NASDAQ:ARCB) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,949 shares of the transportation company’s stock after selling 470 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ArcBest were worth $278,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in ArcBest by 49.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 227 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in ArcBest by 70.9% in the 1st quarter. Contravisory Investment Management Inc. now owns 188 shares of the transportation company’s stock valued at $27,000 after buying an additional 78 shares during the period. GAMMA Investing LLC purchased a new stake in ArcBest in the 4th quarter valued at about $39,000. Parallel Advisors LLC boosted its position in ArcBest by 45.8% in the 4th quarter. Parallel Advisors LLC now owns 363 shares of the transportation company’s stock valued at $44,000 after buying an additional 114 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in ArcBest by 51.9% in the 4th quarter. Quadrant Capital Group LLC now owns 597 shares of the transportation company’s stock valued at $72,000 after buying an additional 204 shares during the period. 99.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ARCB has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of ArcBest from $133.00 to $149.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Wells Fargo & Company started coverage on shares of ArcBest in a research report on Friday, June 7th. They issued an “overweight” rating and a $140.00 price target for the company. Stifel Nicolaus lowered their price target on shares of ArcBest from $159.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Bank of America upped their price target on shares of ArcBest from $110.00 to $112.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Finally, StockNews.com cut shares of ArcBest from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.85.

ArcBest Stock Performance

Shares of NASDAQ:ARCB traded up $1.16 during midday trading on Monday, reaching $121.31. The company’s stock had a trading volume of 190,217 shares, compared to its average volume of 301,204. The firm has a market capitalization of $2.84 billion, a PE ratio of 24.18, a P/E/G ratio of 0.97 and a beta of 1.48. ArcBest Co. has a twelve month low of $86.93 and a twelve month high of $153.60. The stock has a fifty day moving average of $109.47 and a 200 day moving average of $124.35. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.12.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.19). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. ArcBest had a return on equity of 15.27% and a net margin of 2.80%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. On average, equities analysts expect that ArcBest Co. will post 8.26 EPS for the current fiscal year.

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.