Adams Asset Advisors buys $1,359,855 stake in ArcBest Corp (ARCB)

ArcBest Corp (ARCB) : Adams Asset Advisors scooped up 16,760 additional shares in ArcBest Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 68,129 shares of ArcBest Corp which is valued at $1,359,855.ArcBest Corp makes up approximately 0.19% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in ARCB in the latest quarter, The investment management firm added 16,474 additional shares and now holds a total of 20,278 shares of ArcBest Corp which is valued at $416,105.Eagle Boston Investment Management Inc boosted its stake in ARCB in the latest quarter, The investment management firm added 1,955 additional shares and now holds a total of 260,107 shares of ArcBest Corp which is valued at $5,337,396. ArcBest Corp makes up approx 0.69% of Eagle Boston Investment Management Inc’s portfolio. Cutler Group Lp added ARCB to its portfolio by purchasing 2,721 company shares during the most recent quarter which is valued at $56,814.Bnp Paribas Arbitrage Sa reduced its stake in ARCB by selling 3,802 shares or 47.58% in the most recent quarter. The Hedge Fund company now holds 4,188 shares of ARCB which is valued at $87,613.

ArcBest Corp closed down -0.36 points or -1.72% at $20.52 with 90,419 shares getting traded on Tuesday. Post opening the session at $20.91, the shares hit an intraday low of $20.42 and an intraday high of $20.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, ArcBest Corp reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.42. The company had revenue of $676.63 million for the quarter, compared to analysts expectations of $682.36 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

ArcBest Corporation is a holding company. The Company is a freight transportation services and logistics company. It has five segments: Freight Transportation (ABF Freight) segment Premium Logistics (Panther) formerly named Premium Logistics & Expedited Freight Services Emergency & Preventative Maintenance (FleetNet) Transportation Management (ABF Logistics) and Household Goods Moving Services (ABF Moving). ABF Freight provides interstate and intrastate direct service to approximately 48000 communities through 247 service centers in 50 states Canada and Puerto Rico. Panther is a provider of logistics services. FleetNet provides roadside assistance and maintenance management services. ABF Logistics provides freight brokerage and intermodal transportation services ocean shipping solutions and transportation and warehouse management services. ABF Moving segment provides third-party transportation warehousing and delivery services.

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