ArcBest Corporation (ARCB) To Go Ex-Dividend on November 13th

ArcBest Corporation (NASDAQ:ARCB) declared a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.12 per share by the transportation company on Friday, November 27th. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, November 13th.

ArcBest has increased its dividend by an average of 0.1% annually over the last three years. ArcBest has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ArcBest to earn $9.83 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 4.9%.

ArcBest Stock Performance

Shares of ARCB stock traded down $0.71 during mid-day trading on Wednesday, reaching $133.14. The stock had a trading volume of 10,943 shares, compared to its average volume of 334,008. The firm’s 50 day simple moving average is $131.02 and its 200 day simple moving average is $125.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.94 billion, a PE ratio of 105.21, a P/E/G ratio of 0.37 and a beta of 1.71. ArcBest has a one year low of $59.43 and a one year high of $176.69.

ArcBest (NASDAQ:ARCB) last issued its earnings results on Wednesday, November 4th. The transportation company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.50 by $0.12. ArcBest had a return on equity of 9.93% and a net margin of 0.66%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.46 earnings per share. ArcBest’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts forecast that ArcBest will post 7.42 EPS for the current year.

Insider Activity at ArcBest

In other ArcBest news, VP Jason T. Parks sold 855 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $135.09, for a total value of $115,501.95. Following the completion of the transaction, the vice president directly owned 3,794 shares of the company’s stock, valued at approximately $512,531.46. The trade was a 18.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ralph Edward Sorg sold 6,000 shares of ArcBest stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $131.28, for a total transaction of $787,680.00. Following the completion of the transaction, the insider directly owned 16,624 shares in the company, valued at approximately $2,182,398.72. The trade was a 26.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its position in ArcBest by 51.3% in the 3rd quarter. Parallel Advisors LLC now owns 466 shares of the transportation company’s stock valued at $59,000 after buying an additional 158 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of ArcBest in the second quarter valued at approximately $74,000. Nykredit A S bought a new stake in shares of ArcBest in the second quarter worth $75,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of ArcBest in the second quarter worth $92,000. Finally, PNC Financial Services Group Inc. boosted its holdings in ArcBest by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,775 shares of the transportation company’s stock worth $175,000 after purchasing an additional 134 shares during the last quarter. 99.27% of the stock is owned by institutional investors and hedge funds.

ArcBest Company Profile

ArcBest Corporation is a transportation and logistics company headquartered in Fort Smith, Arkansas. Its services include less-than-truckload freight through ABF Freight, as well as truckload, expedited transportation, freight brokerage, managed transportation and other supply chain solutions. The company serves businesses across North America and supports shipments to and from international markets through its transportation and logistics network. ArcBest traces its roots to 1923, when its predecessor began providing freight transportation services in Arkansas.