The VP – Gen Counsel & Corp Sec of ArcBest (NASDAQ: ARCB) is Selling SharesBy Carrie Williams
Following Michael R. Johns’ last ARCB Sell transaction on May 10, 2016, the stock climbed by 11.5%. In addition to Michael R. Johns, 4 other ARCB executives reported Sell trades in the last month.
Based on ArcBest’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $714 million and quarterly net profit of $12.85 million. In comparison, last year the company earned revenue of $709 million and had a net profit of $18.98 million. The company has a one year high of $29.95 and a one year low of $14.85. ARCB’s market cap is $754.6M and the company has a P/E ratio of 35.48.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.33, reflecting a 24.9% upside.
The insider sentiment on ArcBest has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
ArcBest Corp. operates as a holding company which provides freight transportation services and solutions. It operates through the following segments: Freight Transportation, Premium Logistics, Transportation Management, Emergency and Preventative Maintenance, and Household Goods Moving Services. The Freight Transportation segment includes ABF Freight System, Inc., which engages in the motor carrier freight transportation services. The Premium Logistics segment provides expedited freight transportation services to commercial and government customers. The Transportation Management segment offers freight brokerage and intermodal transportation services, worldwide ocean shipping solutions, and transportation and warehouse management services. The Emergency and Preventive Maintenance segment includes the results of operations of FleetNet America, Inc., the subsidiary of the Company that provides roadside assistance and equipment services for commercial vehicles through a network of third-party service providers. FleetNet provides services to the ABF Freight and Panther segments. The Household Goods Moving Services segment provides transportation, warehousing and delivery services to the consumer, corporate and military household goods moving markets. The company was founded in 1966 and is headquartered in Fort Smith, AR.