Guggenheim Capital LLC Sells 25,067 Shares of ArcBest (ARCB)

Guggenheim Capital LLC reduced its position in shares of ArcBest (NASDAQ:ARCB) by 28.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,912 shares of the transportation company’s stock after selling 25,067 shares during the quarter. Guggenheim Capital LLC owned about 0.24% of ArcBest worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Deutsche Bank AG raised its holdings in ArcBest by 56.0% during the 4th quarter. Deutsche Bank AG now owns 94,127 shares of the transportation company’s stock worth $3,364,000 after purchasing an additional 33,806 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in ArcBest by 88.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 92,053 shares of the transportation company’s stock worth $3,291,000 after purchasing an additional 43,267 shares during the last quarter. Jefferies Group LLC bought a new stake in ArcBest during the 4th quarter worth about $338,000. Koch Industries Inc. bought a new stake in ArcBest during the 4th quarter worth about $276,000. Finally, ETRADE Capital Management LLC bought a new stake in ArcBest during the 4th quarter worth about $210,000. 88.61% of the stock is owned by hedge funds and other institutional investors.

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ArcBest stock opened at $32.35 on Friday. The stock has a market cap of $846.17, a PE ratio of 24.32 and a beta of 1.76. ArcBest has a 1 year low of $16.95 and a 1 year high of $39.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.30 and a quick ratio of 1.30.

ArcBest (NASDAQ:ARCB) last posted its earnings results on Wednesday, January 31st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. ArcBest had a return on equity of 5.82% and a net margin of 2.11%. The company had revenue of $710.72 million during the quarter, compared to analyst estimates of $723.69 million. During the same period in the previous year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts forecast that ArcBest will post 2.3 EPS for the current year.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “sell” rating and set a $35.00 target price on shares of ArcBest in a research report on Thursday, January 25th. Zacks Investment Research upgraded ArcBest from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research report on Monday, January 22nd. Seaport Global Securities restated a “neutral” rating on shares of ArcBest in a research report on Tuesday, January 16th. BidaskClub lowered ArcBest from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Cowen restated a “market perform” rating and set a $39.00 target price (up from $33.00) on shares of ArcBest in a research report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.78.

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About ArcBest

ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.

Institutional Ownership by Quarter for ArcBest (NASDAQ:ARCB)

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