ARCB stock icon

ArcBest
ARCB

$121.11
2.13%

Market Cap: 2.84B

 

About: ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries. The segment operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed LTL services. The services including freight transportation related to managed transportation solutions and other services. The Asset-Light segment includes the results of operations of the Company's service offerings in truckload, ground expedite, dedicated, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.

Employees: 15,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

18% more capital invested

Capital invested by funds: $2.8B [Q4 2023] → $3.32B (+$514M) [Q1 2024]

10% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 40

1% more funds holding

Funds holding: 300 [Q4 2023] → 304 (+4) [Q1 2024]

0.59% more ownership

Funds ownership: 98.59% [Q4 2023] → 99.18% (+0.59%) [Q1 2024]

21% less call options, than puts

Call options by funds: $43.9M | Put options by funds: $55.4M

34% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 132

50% less funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 2 (-2) [Q1 2024]

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$110
9%
downside
Avg. target
$152
25%
upside
High target
$205
69%
upside

17 analyst ratings

11 positive
65%
neutral
24%
negative
12%
JP Morgan
Brian Ossenbeck
5%upside
$127
Neutral
Downgraded
9 Jul 2024
Morgan Stanley
Ravi Shanker
45%upside
$176
Overweight
Maintained
8 Jul 2024
Wells Fargo
Christian Wetherbee
16%upside
$140
Overweight
Initiated
7 Jun 2024
Stifel
J. Bruce Chan
24%upside
$150
Buy
Maintained
15 May 2024
TD Cowen
Jason Seidl
22%upside
$148
Buy
Maintained
1 May 2024

Financial journalist opinion

Based on 3 articles about ARCB published over the past 30 days