Segall Bryant & Hamill LLC Has $25.01 Million Position in ArcBest Co. (NASDAQ:ARCB)

Segall Bryant & Hamill LLC reduced its stake in shares of ArcBest Co. (NASDAQ:ARCB) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 268,038 shares of the transportation company’s stock after selling 1,291 shares during the quarter. Segall Bryant & Hamill LLC owned about 1.15% of ArcBest worth $25,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of ArcBest by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,771,123 shares of the transportation company’s stock valued at $258,601,000 after purchasing an additional 20,665 shares during the period. State Street Corp raised its holdings in ArcBest by 1.9% in the 3rd quarter. State Street Corp now owns 957,410 shares of the transportation company’s stock valued at $103,831,000 after acquiring an additional 17,542 shares during the period. American Century Companies Inc. grew its position in shares of ArcBest by 16.3% in the fourth quarter. American Century Companies Inc. now owns 618,919 shares of the transportation company’s stock valued at $57,758,000 after purchasing an additional 86,867 shares during the last quarter. Geode Capital Management LLC increased its position in ArcBest by 0.6% during the third quarter. Geode Capital Management LLC now owns 551,821 shares of the transportation company’s stock worth $59,856,000 after acquiring an additional 3,475 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of ArcBest by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 426,155 shares of the transportation company’s stock worth $39,769,000 after purchasing an additional 11,894 shares during the period. Institutional investors and hedge funds own 99.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $116.00 price target on shares of ArcBest in a report on Tuesday, March 11th. Wells Fargo & Company decreased their price objective on shares of ArcBest from $105.00 to $96.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley lowered their target price on ArcBest from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Bank of America cut their price objective on shares of ArcBest from $100.00 to $73.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Finally, The Goldman Sachs Group reduced their price target on shares of ArcBest from $126.00 to $108.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.33.

Insider Activity

In other news, CFO John Matthew Beasley bought 700 shares of ArcBest stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $74.89 per share, with a total value of $52,423.00. Following the acquisition, the chief financial officer now owns 8,142 shares of the company’s stock, valued at $609,754.38. The trade was a 9.41 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.65% of the company’s stock.

ArcBest Stock Performance

Shares of NASDAQ ARCB opened at $74.47 on Tuesday. The firm’s 50-day moving average price is $87.37 and its 200-day moving average price is $98.62. ArcBest Co. has a 52-week low of $68.83 and a 52-week high of $153.61. The company has a market cap of $1.72 billion, a PE ratio of 10.16, a PEG ratio of 1.70 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.10.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.22. ArcBest had a return on equity of 11.79% and a net margin of 4.16%. During the same quarter in the previous year, the business posted $2.47 EPS. As a group, analysts anticipate that ArcBest Co. will post 7 EPS for the current year.

ArcBest Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, February 11th. ArcBest’s dividend payout ratio is presently 6.55%.

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.