The President of ArcBest (NASDAQ: ARCB) is Selling Shares

By Carrie Williams

Yesterday, the President of ArcBest (ARCBResearch Report), Timothy Thorne, sold shares of ARCB for $953.9K.

In addition to Timothy Thorne, one other ARCB executive reported Sell trades in the last month.

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Based on ArcBest’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $829 million and quarterly net profit of $23.36 million. In comparison, last year the company earned revenue of $701 million and had a net profit of $1.9 million. The company has a one-year high of $93.96 and a one-year low of $17.58. Currently, ArcBest has an average volume of 338.03K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $90.38, reflecting a -11.3% downside.

The insider sentiment on ArcBest has been negative according to 42 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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ArcBest Corp. is a holding company which engages in the provision of freight transportation services and solutions. It operates through the following business segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment includes national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The ArcBest segment refers to the operations of the company’s expedite, truckload, and truckload-dedicated businesses as well as its premium logistics services; international freight transportation with air, ocean, and ground service offerings. The FleetNet segment covers the operations of FleetNet America, Inc., and certain other subsidiaries that provide roadside assistance and maintenance management services for commercial vehicles through a network of third-party service providers. The company was founded in 1966 and is headquartered in Fort Smith, AR.