Calamos Advisors LLC Acquires New Position in ArcBest Corporation $ARCB

Calamos Advisors LLC acquired a new position in shares of ArcBest Corporation (NASDAQ:ARCB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,692 shares of the transportation company’s stock, valued at approximately $757,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARCB. Allspring Global Investments Holdings LLC boosted its stake in shares of ArcBest by 100.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,256 shares of the transportation company’s stock worth $6,734,000 after acquiring an additional 43,803 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of ArcBest in the 4th quarter worth approximately $7,240,000. Unison Advisors LLC purchased a new position in ArcBest in the 4th quarter valued at approximately $780,000. Principal Financial Group Inc. increased its stake in ArcBest by 349.9% in the 4th quarter. Principal Financial Group Inc. now owns 493,780 shares of the transportation company’s stock valued at $36,634,000 after purchasing an additional 384,024 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in ArcBest by 19,008.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 122,292 shares of the transportation company’s stock valued at $9,073,000 after purchasing an additional 121,652 shares in the last quarter. 99.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ARCB shares. Wells Fargo & Company boosted their target price on ArcBest from $130.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. raised their price target on ArcBest from $117.00 to $147.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Truist Financial lifted their price target on ArcBest from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group boosted their price objective on shares of ArcBest from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Stifel Nicolaus boosted their price objective on shares of ArcBest from $116.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ArcBest currently has an average rating of “Moderate Buy” and an average price target of $151.85.

ArcBest Trading Up 6.9%

Shares of ArcBest stock opened at $157.61 on Friday. The business has a 50 day moving average price of $141.81 and a 200 day moving average price of $114.30. The company has a market capitalization of $3.51 billion, a P/E ratio of 64.86, a P/E/G ratio of 0.64 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.93. ArcBest Corporation has a 1 year low of $59.43 and a 1 year high of $176.69.

ArcBest (NASDAQ:ARCB) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. ArcBest had a return on equity of 6.15% and a net margin of 1.38%.The company had revenue of $998.79 million during the quarter, compared to the consensus estimate of $999.07 million. During the same quarter last year, the business posted $0.51 earnings per share. ArcBest’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that ArcBest Corporation will post 6.11 EPS for the current fiscal year.

ArcBest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, May 8th. ArcBest’s dividend payout ratio (DPR) is currently 19.75%.

ArcBest News Roundup

Here are the key news stories impacting ArcBest this week:

• Positive Sentiment: ArcBest announced a simplified brand structure, consolidating MoLo Solutions, Panther Premium Logistics and ArcBest Technologies under the ArcBest name starting Aug. 1, a move aimed at improving efficiency and long-term growth. Article Title
• Positive Sentiment: The company also announced broader operational streamlining, including cutting about 2% of its workforce and eliminating certain open roles, which could support margins and earnings power if execution goes well. Article Title
• Positive Sentiment: Truist raised its price target on ArcBest to $165 from $145 and kept a buy rating, while Citizens JMP initiated coverage with a $180 target and outperform rating, signaling analyst confidence in the company’s outlook. Article Title
• Neutral Sentiment: Recent screening and commentary from Zacks highlighted ArcBest’s strong momentum and relatively attractive valuation, reinforcing the view that investor expectations have improved. Article Title
• Negative Sentiment: The workforce reduction and terminal closures indicate ArcBest is still facing pressure to reduce costs and reorganize parts of its less-than-truckload network, which may reflect a tougher operating backdrop. Article Title

ArcBest Company 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.