ArcBest Corp (ARCB) Stake Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of ArcBest Corp (NASDAQ:ARCB) by 54.4% in the 1st quarter, HoldingsChannel reports. The firm owned 121,800 shares of the transportation company’s stock after acquiring an additional 42,921 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ArcBest were worth $3,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in ArcBest in the 4th quarter worth approximately $38,000. PNC Financial Services Group Inc. lifted its position in ArcBest by 13.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,163 shares of the transportation company’s stock worth $107,000 after buying an additional 375 shares during the last quarter. Neuburgh Advisers LLC lifted its position in ArcBest by 15.1% in the 4th quarter. Neuburgh Advisers LLC now owns 3,520 shares of the transportation company’s stock worth $121,000 after buying an additional 462 shares during the last quarter. Sun Life Financial INC lifted its position in ArcBest by 596.2% in the 4th quarter. Sun Life Financial INC now owns 3,885 shares of the transportation company’s stock worth $133,000 after buying an additional 3,327 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in ArcBest by 15.1% in the 4th quarter. Flinton Capital Management LLC now owns 5,440 shares of the transportation company’s stock worth $186,000 after buying an additional 714 shares during the last quarter. 93.35% of the stock is owned by institutional investors.

Shares of ARCB stock opened at $29.36 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.39. ArcBest Corp has a fifty-two week low of $27.72 and a fifty-two week high of $51.45. The company has a market capitalization of $739.63 million, a price-to-earnings ratio of 7.61 and a beta of 2.07.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings data on Thursday, May 2nd. The transportation company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.13). ArcBest had a net margin of 2.00% and a return on equity of 14.19%. The company had revenue of $711.84 million during the quarter, compared to the consensus estimate of $724.33 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts predict that ArcBest Corp will post 3.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.08 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.32 annualized dividend and a yield of 1.09%. ArcBest’s payout ratio is currently 8.29%.

A number of research firms recently weighed in on ARCB. Zacks Investment Research downgraded ArcBest from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded ArcBest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 7th. Buckingham Research dropped their target price on ArcBest from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Loop Capital boosted their target price on ArcBest to $34.00 and gave the stock a “hold” rating in a research report on Monday, May 6th. Finally, Cowen restated a “hold” rating and issued a $40.00 target price on shares of ArcBest in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.89.

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ArcBest Profile

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.

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Institutional Ownership by Quarter for ArcBest (NASDAQ:ARCB)

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