ArcBestARCB
Market Cap: 2.82B
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 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
18 Wall Street Analysts provided 1 year price forecasts over the past 6 months
18 analyst ratings
B of A Securities Ken Hoexter | 7%downside $112 | Underperform Maintained | 22 Jul 2024 |
JP Morgan Brian Ossenbeck | 6%upside $127 | Neutral Downgraded | 9 Jul 2024 |
Morgan Stanley Ravi Shanker | 46%upside $176 | Overweight Maintained | 8 Jul 2024 |
Wells Fargo Christian Wetherbee | 17%upside $140 | Overweight Initiated | 7 Jun 2024 |
Stifel J. Bruce Chan | 25%upside $150 | Buy Maintained | 15 May 2024 |
Financial journalist opinion
Based on 4 articles about ARCB published over the past 30 days