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FAS Wealth Partners Inc. decreased its position in ArcBest Co. by 40.3% in the 3rd quarter, owning 42,977 shares worth $4,369,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently traded shares. Insiders have also made moves, with a director selling 3,390 shares at an average price of $122.42.

Several research firms have issued reports on ARCB, with one rating the stock a sell, four assigning a hold rating, and five giving a buy rating. The company has an average rating of “Hold” and an average price target of $125.10.

Shares of ArcBest Co. traded down $1.79 during mid-day trading on Friday, hitting $120.21, with a market cap of $2.85 billion. The company’s 50 day moving average is $114.81 and its 200-day moving average is $106.43. ArcBest last released its earnings results on Friday, October 27th.

ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities through less-than-truckload services. If you’re interested in seeing what other hedge funds are holding ARCB, visit HoldingsChannel.com for the latest 13F filings and insider trades for ArcBest Co.



Read more: ArcBest Co. (NASDAQ:ARCB) Holdings Reduced by FAS Wealth Partners Inc.