ArcBest Corp (NASDAQ:ARCB)’s share price reached a new 52-week high on Monday . The stock traded as high as $39.45 and last traded at $39.45, with a volume of 260935 shares trading hands. The stock had previously closed at $36.95.

Several equities analysts recently weighed in on ARCB shares. BidaskClub raised ArcBest from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised ArcBest from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 price objective (up from $21.00) on shares of ArcBest in a research note on Thursday, October 5th. ValuEngine downgraded ArcBest from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $33.00 price objective (up from $29.00) on shares of ArcBest in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.57.

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $998.56, a PE ratio of 41.88 and a beta of 1.83.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Friday, November 3rd. The transportation company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. The company had revenue of $744.30 million during the quarter, compared to the consensus estimate of $750.16 million. ArcBest had a return on equity of 5.34% and a net margin of 0.88%. ArcBest’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. equities analysts predict that ArcBest Corp will post 1.28 EPS for the current year.

In other ArcBest news, Director William Legg sold 6,153 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.52, for a total transaction of $230,860.56. Following the completion of the transaction, the director now owns 36,147 shares of the company’s stock, valued at $1,356,235.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janice E. Stipp sold 3,700 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $38.09, for a total value of $140,933.00. Following the transaction, the director now directly owns 20,200 shares of the company’s stock, valued at approximately $769,418. The disclosure for this sale can be found here. Insiders have sold 13,853 shares of company stock valued at $499,794 in the last three months. 0.97% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. James Investment Research Inc. acquired a new stake in shares of ArcBest during the fourth quarter worth $1,000,000. Acadian Asset Management LLC boosted its holdings in shares of ArcBest by 80.6% during the fourth quarter. Acadian Asset Management LLC now owns 227,651 shares of the transportation company’s stock worth $8,139,000 after purchasing an additional 101,593 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of ArcBest by 3.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 323,068 shares of the transportation company’s stock worth $11,550,000 after purchasing an additional 11,611 shares during the last quarter. Convergence Investment Partners LLC boosted its holdings in shares of ArcBest by 38.3% during the fourth quarter. Convergence Investment Partners LLC now owns 23,477 shares of the transportation company’s stock worth $839,000 after purchasing an additional 6,497 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of ArcBest by 36.7% during the third quarter. GSA Capital Partners LLP now owns 44,326 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 11,905 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

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About ArcBest

ArcBest Corporation is a holding company of businesses providing integrated logistics solutions. The Company operates through three segments: Asset-Based, which consists of ABF Freight System, Inc and other subsidiaries; ArcBest, which represents the consolidation of the operations of the Premium Logistics, Transportation Management and Household Goods Moving Services segments, and FleetNet, which includes the results of operations of FleetNet America, Inc (FleetNet).

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