Metropolitan Life Insurance Co. NY maintained its position in ArcBest Corporation (NASDAQ:ARCB) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,517 shares of the transportation company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in ArcBest Corporation were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Jane Street Group LLC acquired a new position in ArcBest Corporation during the first quarter worth approximately $812,000. AQR Capital Management LLC increased its position in ArcBest Corporation by 8.1% in the first quarter. AQR Capital Management LLC now owns 158,440 shares of the transportation company’s stock worth $4,120,000 after buying an additional 11,900 shares in the last quarter. State Street Corp increased its position in ArcBest Corporation by 6.0% in the first quarter. State Street Corp now owns 712,078 shares of the transportation company’s stock worth $18,514,000 after buying an additional 40,128 shares in the last quarter. Bank of America Corp DE increased its position in ArcBest Corporation by 22.8% in the first quarter. Bank of America Corp DE now owns 101,923 shares of the transportation company’s stock worth $2,650,000 after buying an additional 18,901 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in ArcBest Corporation by 17.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 265,477 shares of the transportation company’s stock worth $6,903,000 after buying an additional 38,888 shares in the last quarter. Institutional investors own 86.35% of the company’s stock.

Shares of ArcBest Corporation (NASDAQ:ARCB) traded up 1.74% during midday trading on Friday, hitting $26.35. 229,682 shares of the stock were exchanged. The stock has a market capitalization of $677.35 million, a price-to-earnings ratio of 30.46 and a beta of 1.62. The firm’s 50 day moving average is $22.90 and its 200-day moving average is $24.66. ArcBest Corporation has a 1-year low of $16.95 and a 1-year high of $33.95.

ArcBest Corporation (NASDAQ:ARCB) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The business had revenue of $720.40 million for the quarter, compared to analyst estimates of $721.11 million. ArcBest Corporation had a net margin of 0.83% and a return on equity of 4.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts predict that ArcBest Corporation will post $1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Tuesday, August 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, August 4th. ArcBest Corporation’s dividend payout ratio is 37.21%.

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A number of research firms have recently commented on ARCB. Deutsche Bank AG restated a “hold” rating and set a $29.00 price objective (up from $26.00) on shares of ArcBest Corporation in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating on shares of ArcBest Corporation in a research note on Thursday, August 3rd. TheStreet upgraded shares of ArcBest Corporation from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $29.00 price objective on shares of ArcBest Corporation in a research note on Sunday, July 30th. Finally, BidaskClub downgraded shares of ArcBest Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.00.

In other ArcBest Corporation news, insider Daniel E. Loe sold 9,929 shares of ArcBest Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $25.87, for a total value of $256,863.23. Following the sale, the insider now owns 33,600 shares of the company’s stock, valued at $869,232. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.

About ArcBest Corporation

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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Institutional Ownership by Quarter for ArcBest Corporation (NASDAQ:ARCB)

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