<div id="readability-page-1"><p>ArcBest Co. (NASDAQ:ARCB - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday after Bank of America lowered their price target on the stock from $100.00 to $73.00. Bank of America currently has an underperform rating on the stock. ArcBest traded as low as $71.26 and last traded at $72.09, with a volume of 156059 shares trading hands. The stock had previously closed at $73.33.</p><ul><li>XPO Keeps Reaching New Highs: Markets Love the Stock</li></ul><p>A number of other research analysts have also recently commented on the company. Citigroup lowered their target price on ArcBest from $103.00 to $83.00 and set a &#34;neutral&#34; rating for the company in a research note on Tuesday. Wells Fargo &amp; Company dropped their target price on shares of ArcBest from $105.00 to $96.00 and set an &#34;equal weight&#34; rating on the stock in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of ArcBest from $109.00 to $125.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of ArcBest from $160.00 to $145.00 and set an &#34;overweight&#34; rating for the company in a research note on Monday, February 3rd. Finally, UBS Group dropped their price target on ArcBest from $110.00 to $100.00 and set a &#34;neutral&#34; rating on the stock in a research report on Monday, February 3rd. One investment analyst  has rated the stock with a sell rating, seven have issued  a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and an average target price of $111.27.</p><p><b>Check Out Our Latest Research Report on ARCB</b></p><h2>Institutional Inflows and Outflows</h2><ul><li>Analyst Upgrades Drive Old Dominion Freight Line 13.49% Higher</li></ul><p>A number of institutional investors have recently bought and sold shares of ARCB. Blue Trust Inc. increased its holdings in  ArcBest by 146.3% during the fourth quarter. Blue Trust Inc. now owns 298 shares of the transportation company's stock valued at $28,000 after buying an additional 177 shares during the last quarter.  R Squared Ltd bought a new position in  ArcBest in the 4th quarter worth $40,000.  Smartleaf Asset Management LLC lifted its position in  ArcBest by 471.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the transportation company's stock valued at $51,000 after purchasing an additional 453 shares in the last quarter.  Quest Partners LLC grew its holdings in  ArcBest by 60.6% during the third quarter. Quest Partners LLC now owns 546 shares of the transportation company's stock valued at $59,000 after purchasing an additional 206 shares during the period.  Finally, Avior Wealth Management LLC increased its position in  ArcBest by 17.9% in the third quarter. Avior Wealth Management LLC now owns 625 shares of the transportation company's stock worth $68,000 after buying an additional 95 shares in the last quarter. Institutional investors own  99.27% of the company's stock. </p><h2>ArcBest Price Performance</h2><p>The firm has a 50 day moving average price of $91.23 and a 200 day moving average price of $100.65. The stock has a market cap of $1.67 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.70 and a beta of 1.54. The company has a quick ratio of 1.04, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. </p><ul><li>ArcBest Corporation Delivers Results </li></ul><p>ArcBest (NASDAQ:ARCB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The transportation company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.22. ArcBest had a net margin of 4.16% and a return on equity of 11.79%. During the same period last year, the company earned $2.47 earnings per share.  On average, analysts forecast that  ArcBest Co. will post 7 EPS for the current fiscal year. </p><h2>ArcBest Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a $0.12 dividend. The ex-dividend date of this dividend  was Tuesday, February 11th. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. ArcBest's payout ratio is 6.55%. </p><h2>About ArcBest</h2> (Get Free Report)<p>ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than ArcBest</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>NVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a Buy</li><li>3 Warren Buffett Stocks to Buy Now</li><li>Why Energy Transfer Belongs on Your Watchlist</li><li>Investing In Preferred Stock vs. Common Stock</li><li>Why Wayfair Stock May Be a Hidden Gem for Value Investors</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ArcBest Right Now?</h2><p>Before you consider ArcBest, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArcBest wasn't on the list.</p><p>While ArcBest currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ARCB

<p>ArcBest (NASDAQ:ARCB) shares hit a new 12-month low after Bank of America downgraded the stock, lowering its price target from $100 to $73. Other analysts also adjusted their targets, with Citigroup reducing it to $83 and Wells Fargo to $96. The stock traded as low as $71.26 before closing at $72.09. Despite the downgrades, ArcBest has a consensus rating of "Hold" with an average target price of $111.27. The company reported earnings of $1.33 per share, exceeding estimates, and announced a quarterly dividend of $0.12.</p>

ArcBest (NASDAQ:ARCB) Reaches New 12-Month Low Following Analyst Downgrade