Moody Aldrich Partners LLC Sells 1,134 Shares of ArcBest Co. (NASDAQ:ARCB)

Moody Aldrich Partners LLC decreased its position in shares of ArcBest Co. (NASDAQ:ARCB) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,131 shares of the transportation company’s stock after selling 1,134 shares during the period. Moody Aldrich Partners LLC owned approximately 0.18% of ArcBest worth $3,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC grew its holdings in shares of ArcBest by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 2,509 shares of the transportation company’s stock worth $272,000 after purchasing an additional 86 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of ArcBest by 17.9% during the third quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company’s stock valued at $68,000 after buying an additional 95 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of ArcBest by 4.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the transportation company’s stock valued at $350,000 after buying an additional 124 shares during the last quarter. Quarry LP increased its holdings in shares of ArcBest by 120.7% during the second quarter. Quarry LP now owns 245 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 134 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of ArcBest by 4.9% during the third quarter. Empowered Funds LLC now owns 3,695 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ARCB shares. Citigroup increased their price target on shares of ArcBest from $110.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. The Goldman Sachs Group dropped their price objective on shares of ArcBest from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on ArcBest from $130.00 to $117.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Wolfe Research lowered ArcBest from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price target on ArcBest from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, ArcBest has a consensus rating of “Hold” and an average target price of $125.00.

ArcBest Stock Performance

Shares of ARCB opened at $98.31 on Wednesday. The stock has a 50-day simple moving average of $102.10 and a 200-day simple moving average of $106.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $2.30 billion, a PE ratio of 12.14, a PEG ratio of 1.83 and a beta of 1.53. ArcBest Co. has a 1 year low of $91.01 and a 1 year high of $153.60.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, November 1st. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.20). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. ArcBest had a net margin of 4.54% and a return on equity of 14.27%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 EPS. On average, analysts predict that ArcBest Co. will post 6.02 earnings per share for the current fiscal year.

ArcBest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.49%. ArcBest’s payout ratio is 5.93%.

Insider Buying and Selling at ArcBest

In other news, Director Craig E. Philip sold 3,900 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $109.91, for a total value of $428,649.00. Following the transaction, the director now owns 23,250 shares of the company’s stock, valued at approximately $2,555,407.50. The trade was a 14.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael E. Newcity sold 10,443 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $120.60, for a total value of $1,259,425.80. Following the completion of the transaction, the senior vice president now directly owns 5,051 shares in the company, valued at approximately $609,150.60. The trade was a 67.40 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

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.