ArcBestARCB
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more call options, than puts
Call options by funds: $39.3M | Put options by funds: $30.9M
2.02% more ownership
Funds ownership: 101.03% [Q1] → 103.05% (+2.02%) [Q2]
5% less funds holding
Funds holding: 310 [Q1] → 296 (-14) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 121
24% less capital invested
Capital invested by funds: $3.38B [Q1] → $2.58B (-$795M) [Q2]
24% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 58
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Stifel J. Bruce Chan 62% 1-year accuracy 21 / 34 met price target | 18%upside $119 | Buy Maintained | 21 Oct 2024 |
TD Cowen Jason Seidl 75% 1-year accuracy 12 / 16 met price target | 13%upside $114 | Hold Downgraded | 14 Oct 2024 |
Jefferies | 28%upside $130 | Buy Maintained | 10 Oct 2024 |
Goldman Sachs Jordan Alliger 42% 1-year accuracy 5 / 12 met price target | 23%upside $125 | Neutral Maintained | 9 Oct 2024 |
Citigroup Ariel Rosa 78% 1-year accuracy 7 / 9 met price target | 10%upside $111 | Neutral Initiated | 9 Oct 2024 |
Financial journalist opinion
Based on 3 articles about ARCB published over the past 30 days
