Unison Advisors LLC Invests $780,000 in ArcBest Corporation $ARCB

Unison Advisors LLC bought a new stake in ArcBest Corporation (NASDAQ:ARCB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,507 shares of the transportation company’s stock, valued at approximately $780,000.

Other large investors have also added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. purchased a new stake in ArcBest during the 3rd quarter worth $39,508,000. Ameriprise Financial Inc. grew its stake in shares of ArcBest by 158.7% during the second quarter. Ameriprise Financial Inc. now owns 490,064 shares of the transportation company’s stock valued at $37,740,000 after acquiring an additional 300,642 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of ArcBest by 145.9% during the third quarter. Two Sigma Investments LP now owns 281,803 shares of the transportation company’s stock valued at $19,690,000 after acquiring an additional 167,200 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of ArcBest during the second quarter worth about $12,657,000. Finally, Wasatch Advisors LP purchased a new stake in shares of ArcBest during the third quarter worth about $8,766,000. 99.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on ARCB shares. Bank of America increased their price target on ArcBest from $72.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, December 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of ArcBest in a report on Wednesday, January 21st. Stifel Nicolaus cut their target price on ArcBest from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company increased their target price on ArcBest from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Sunday, February 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $100.00 price target on shares of ArcBest in a research report on Saturday, January 31st. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, ArcBest has an average rating of “Hold” and a consensus price target of $97.17.

ArcBest Stock Performance

ArcBest stock opened at $100.51 on Monday. ArcBest Corporation has a 1 year low of $55.19 and a 1 year high of $112.92. The firm’s 50-day moving average is $97.52 and its 200-day moving average is $82.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $2.24 billion, a P/E ratio of 38.51, a PEG ratio of 0.70 and a beta of 1.42.

ArcBest (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.09). ArcBest had a net margin of 1.50% and a return on equity of 6.51%. The business had revenue of $972.69 million for the quarter, compared to the consensus estimate of $963.74 million. During the same period in the prior year, the company earned $1.33 EPS. ArcBest’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that ArcBest Corporation will post 7 earnings per share for the current year.

ArcBest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. ArcBest’s dividend payout ratio is 18.39%.

ArcBest Profile

ArcBest Corporation (NASDAQ: ARCB) is a transportation and logistics company that offers comprehensive freight and supply chain solutions across North America. Founded in 1923 as Arkansas Best Freight System, the company has evolved into a diversified service provider with both asset-based and asset-light operations. Its core businesses include less-than-truckload (LTL) shipping through ABF Freight, expedited full-truckload services via Panther Premium Logistics, and a range of logistics and supply chain management services under its ArcBest Integrated Logistics division.

The company’s asset-based operations also encompass FleetNet America, a provider of emergency roadside assistance and maintenance services for heavy-duty vehicles.