Stephens Inc. AR Has $527,000 Stock Holdings in ArcBest Corporation $ARCB

Stephens Inc. AR lowered its position in ArcBest Corporation (NASDAQ:ARCB) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,840 shares of the transportation company’s stock after selling 1,700 shares during the period. Stephens Inc. AR’s holdings in ArcBest were worth $527,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in shares of ArcBest by 7.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,303 shares of the transportation company’s stock valued at $304,000 after buying an additional 285 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in ArcBest in the first quarter valued at approximately $381,000. GAMMA Investing LLC lifted its stake in ArcBest by 185.3% in the first quarter. GAMMA Investing LLC now owns 1,435 shares of the transportation company’s stock valued at $101,000 after buying an additional 932 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in ArcBest by 23.4% in the second quarter. Public Employees Retirement System of Ohio now owns 41,971 shares of the transportation company’s stock valued at $3,232,000 after buying an additional 7,955 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in ArcBest in the second quarter valued at approximately $355,000. Institutional investors own 99.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup raised shares of ArcBest from a “neutral” rating to a “buy” rating and lifted their price target for the company from $79.00 to $89.00 in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of ArcBest from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Zacks Research raised shares of ArcBest to a “strong sell” rating in a research report on Monday, August 11th. Cowen reaffirmed a “hold” rating on shares of ArcBest in a research report on Wednesday, October 1st. Finally, Morgan Stanley decreased their target price on shares of ArcBest from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.00.

ArcBest Stock Performance

NASDAQ ARCB opened at $74.56 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $72.40 and its two-hundred day moving average price is $70.78. ArcBest Corporation has a 1 year low of $55.19 and a 1 year high of $123.25. The firm has a market capitalization of $1.69 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.38 and a beta of 1.66.

ArcBest (NASDAQ:ARCB) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). ArcBest had a return on equity of 8.67% and a net margin of 3.90%.The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company posted $1.98 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that ArcBest Corporation will post 7 EPS for the current year.

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.