ArcBest Corp (NASDAQ: ARCB) is 7.36% higher on its value in year-to-date trading and has touched a low of $91.01 and a high of $153.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARCB stock was last observed hovering at around $101.93 in the last trading session, with the day’s loss setting it -1.74%.
Currently trading at $100.19, the stock is 4.25% and -4.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -1.71% at the moment leaves the stock -9.62% off its SMA200. ARCB registered -13.16% loss for a year compared to 6-month loss of -15.54%. The firm has a 50-day simple moving average (SMA 50) of $105.0958 and a 200-day simple moving average (SMA200) of $110.84885.
The stock witnessed a -7.63% gain in the last 1 month and extending the period to 3 months gives it a -5.76%, and is 7.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.16% over the week and 3.45% over the month.
ArcBest Corp (ARCB) has around 15000 employees, a market worth around $2.34B and $4.27B in sales. Current P/E ratio is 12.41 and Fwd P/E is 13.67. Profit margin for the company is 4.52%. Distance from 52-week low is 10.09% and -34.77% from its 52-week high. The company has generated returns on investments over the last 12 months (11.93%).
with sales reaching $994.99M over the same period.The EPS is expected to shrink by -23.68% this year, but quarterly earnings will post -5.77% year-over-year. Quarterly sales are estimated to shrink -8.68% in year-over-year returns.
ArcBest Corp (ARCB) Top Institutional Holders
383.0 institutions hold shares in ArcBest Corp (ARCB), with institutional investors hold 103.34% of the company’s shares. The shares outstanding are 23.46M, and float is at 22.97M with Short Float at 6.93%. Institutions hold 102.36% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.63 million shares valued at $388.89 million. The investor’s holdings represent 15.4141% of the ARCB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.61 million shares valued at $279.99 million to account for 11.0976 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 2.24 million shares representing 9.5081% and valued at over $239.88 million, while DIMENSIONAL FUND ADVISORS LP holds 6.8983 of the shares totaling 1.63 million with a market value of $174.04 million.
ArcBest Corp (ARCB) Insider Activity
The most recent transaction is an insider sale by Philip Craig E, the company’s Director. SEC filings show that Philip Craig E sold 3,900 shares of the company’s common stock on Nov 22 ’24 at a price of $109.91 per share for a total of $0.43 million. Following the sale, the insider now owns 23250.0 shares.
Still, SEC filings show that on Nov 06 ’24, Newcity Michael E (SVP – Chf Innovation Officr(1)) disposed off 10,443 shares at an average price of $120.60 for $1.26 million. The insider now directly holds 5,051 shares of ArcBest Corp (ARCB).
