Shares of ArcBest Corp. (NASDAQ:ARCB) shot up 4.9% on Friday . The company traded as high as $16.91 and last traded at $16.83, with a volume of 74,582 shares traded. The stock had previously closed at $16.04.

A number of research firms have weighed in on ARCB. Zacks Investment Research lowered ArcBest Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Stifel Nicolaus lowered ArcBest Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.36.

The stock has a market capitalization of $432.88 million and a PE ratio of 11.84. The stock’s 50 day moving average price is $16.63 and its 200 day moving average price is $19.21.

ArcBest Corp. (NASDAQ:ARCB) last issued its earnings results on Friday, April 29th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.13. The company earned $621.50 million during the quarter, compared to analysts’ expectations of $625.82 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that ArcBest Corp. will post $1.12 earnings per share for the current year.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in ArcBest Corp. by 9.4% in the fourth quarter. Sei Investments Co. now owns 51,043 shares of the company’s stock valued at $1,092,000 after buying an additional 4,377 shares during the period. Cornercap Investment Counsel Inc. raised its position in ArcBest Corp. by 12.6% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 48,252 shares of the company’s stock valued at $1,032,000 after buying an additional 5,390 shares during the period. Principal Financial Group Inc. raised its position in ArcBest Corp. by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 422,723 shares of the company’s stock valued at $9,042,000 after buying an additional 16,588 shares during the period. LSV Asset Management raised its position in ArcBest Corp. by 9.8% in the fourth quarter. LSV Asset Management now owns 501,193 shares of the company’s stock valued at $10,720,000 after buying an additional 44,906 shares during the period. Finally, Alambic Investment Management L.P. bought a new position in ArcBest Corp. during the fourth quarter valued at approximately $1,346,000.

ArcBest Corporation is a holding company of businesses providing freight transportation services and logistics solutions. The Company operates through five segments: Freight Transportation (ABF Freight) segment, Premium Logistics (Panther), Transportation Management (ABF Logistics), Emergency & Preventative Maintenance (FleetNet) and Household Goods Moving Services (ABF Moving).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.