ArcBestARCB
Market Cap: $2.34B
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
1.95% more ownership
Funds ownership: 101.03% [Q1] → 102.98% (+1.95%) [Q2]
5% less funds holding
Funds holding: 310 [Q1] → 294 (-16) [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 (-$797M) [Q2]
28% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 58
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
JP Morgan Brian Ossenbeck 50% 1-year accuracy 23 / 46 met price target | 34%upside $133 | Neutral Maintained | 6 Sept 2024 |
TD Cowen Jason Seidl 53% 1-year accuracy 9 / 17 met price target | 32%upside $131 | Buy Maintained | 5 Sept 2024 |
Stephens & Co. Daniel Imbro 68% 1-year accuracy 13 / 19 met price target | 31%upside $130 | Overweight Reiterated | 4 Sept 2024 |
Wells Fargo Christian Wetherbee 68% 1-year accuracy 19 / 28 met price target | 13%upside $112 | Equal-Weight Downgraded | 4 Sept 2024 |
B of A Securities Ken Hoexter 51% 1-year accuracy 21 / 41 met price target | 0%downside $99 | Underperform Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 5 articles about ARCB published over the past 30 days