ArcBest CFO Beasley buys $52,423 in company stock

John Matthew Beasley, the Chief Financial Officer of ArcBest Corp (NASDAQ:ARCB), has purchased 700 shares of the company’s common stock. The transaction, which took place on March 13, 2025, was valued at approximately $52,423, with each share priced at $74.89. The purchase comes as the stock trades near its 52-week low of $70.96, with shares down nearly 30% over the past six months. According to InvestingPro analysis, the stock appears undervalued while trading at an attractive P/E ratio of 9.8x. Following this acquisition, Beasley now holds a total of 8,142 shares in ArcBest, headquartered in Fort Smith, Arkansas. This purchase demonstrates a continued investment in the company by its financial leadership. InvestingPro analysis reveals two key insights: the stock is currently in oversold territory, and management has been actively buying back shares. Discover 11 more exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.

In other recent news, ArcBest Corporation reported mixed results in its financial performance. The company exceeded analysts’ expectations for earnings per share (EPS) in the fourth quarter of 2024 with $1.33, surpassing the forecasted $1.09. However, ArcBest’s revenue fell short of expectations, recording $1 billion against the anticipated $1.01 billion, marking an 8% year-over-year decline. In response, Morgan Stanley (NYSE:MS) adjusted its price target for ArcBest from $160 to $145 while maintaining an Overweight rating, citing effective cost control measures as a positive factor despite consistent revenue levels.

Conversely, BofA Securities lowered its price target for ArcBest from $100 to $73, maintaining an Underperform rating due to mixed performance metrics in ArcBest’s mid-first quarter update for 2025. The company reported a slight improvement in volumes but a decline in yields, with less-than-truckload (LTL) revenue per day falling by 2% year-over-year in February. ArcBest also experienced ongoing softness in the industrial economy, affecting heavier-weight LTL shipments.

In a strategic move, ArcBest adopted a proxy access provision in its bylaws, allowing stockholders to nominate director candidates, reflecting a trend towards increased shareholder engagement. This development aligns with ArcBest’s efforts to enhance corporate governance practices. Despite challenges, ArcBest’s management remains optimistic about the potential for earnings normalization in the second half of 2025, as highlighted by Morgan Stanley, which adjusted its earnings per share forecasts for the coming years.

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