ArcBest (NASDAQ:ARCB) Price Target Raised to $130.00 at Wells Fargo & Company

ArcBest (NASDAQ:ARCB) had its target price increased by Wells Fargo & Company from $85.00 to $130.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ArcBest in a research note on Wednesday, January 21st. UBS Group increased their price target on ArcBest from $98.00 to $122.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen increased their price target on ArcBest from $97.00 to $137.00 and gave the company a “hold” rating in a research note on Wednesday. Truist Financial increased their price target on ArcBest from $95.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on ArcBest from $116.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $123.42.

ArcBest Trading Down 0.5%

Shares of NASDAQ ARCB opened at $127.06 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $2.83 billion, a P/E ratio of 48.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42. ArcBest has a 1-year low of $55.19 and a 1-year high of $135.10. The business has a fifty day moving average price of $102.78 and a 200 day moving average price of $87.70.

ArcBest (NASDAQ:ARCB) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $998.79 million during the quarter, compared to analysts’ expectations of $989.27 million. ArcBest had a return on equity of 6.51% and a net margin of 1.50%.The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. Equities research analysts expect that ArcBest will post 4.75 EPS for the current fiscal year.

ArcBest Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. ArcBest’s dividend payout ratio is currently 18.39%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Johnson Investment Counsel Inc. acquired a new position in shares of ArcBest in the third quarter valued at about $28,000. Smartleaf Asset Management LLC grew its holdings in ArcBest by 26.9% during the third quarter. Smartleaf Asset Management LLC now owns 675 shares of the transportation company’s stock worth $47,000 after acquiring an additional 143 shares during the period. Federated Hermes Inc. grew its holdings in ArcBest by 126.6% during the fourth quarter. Federated Hermes Inc. now owns 1,015 shares of the transportation company’s stock worth $75,000 after acquiring an additional 567 shares during the period. Canada Pension Plan Investment Board acquired a new stake in ArcBest during the second quarter worth about $85,000. Finally, Hantz Financial Services Inc. grew its holdings in ArcBest by 507.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,118 shares of the transportation company’s stock worth $83,000 after acquiring an additional 934 shares during the period. 99.27% of the stock is owned by institutional investors and hedge funds.

Key ArcBest News

Here are the key news stories impacting ArcBest this week:

• Positive Sentiment: Multiple analysts raised price targets and kept favorable ratings, supporting upside expectations — Truist to $145 (buy), Stifel to $134 (buy), and Wells Fargo to $130 (equal weight). These raises signal analyst confidence in margin recovery and execution. Analyst Raises (Benzinga)
• Positive Sentiment: Management said less-than-robust demand hasn’t stopped LTL (less?than?truckload) pricing from improving, which could support profit margins as the cycle stabilizes. ArcBest LTL pricing improves despite softer environment
• Positive Sentiment: ArcBest expects a substantial operating?ratio (OR) improvement of 400–500 basis points sequentially in Q2 and plans to launch its ArcBest View product in May — both items point to near?term margin recovery and revenue/up?sell opportunities. OR improvement and ArcBest View launch
• Neutral Sentiment: ArcBest’s Q1 results beat consensus on EPS (reported $0.32 vs. $0.27 estimate) and revenue rose ~3.3% to $998.8M, showing underlying top?line resilience. That EPS beat supports positive analyst reactions but the outperformance is modest. Q1 Results (BusinessWire)
• Negative Sentiment: On a GAAP basis ArcBest reported a $1.0M net loss (?$0.05) and year?over?year net income declined, highlighting margin pressure from freight costs — a reminder that results still contain execution risk. ArcBest reports $1 million first-quarter loss
• Negative Sentiment: JPMorgan raised its target to $117 but kept a “neutral” rating; that target implies downside relative to the current price and may cap upside despite other bullish analyst moves. Investors sensitive to analyst targets may view this as a cautionary anchor. JPMorgan target raise (Benzinga)

About ArcBest

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.