Vanguard Holds 19.9% Stake in ArcBest Corp (ARCB)

TL;DR

**Vanguard still owns nearly 20% of ArcBest, a bullish sign for the stock.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in ArcBest Corp (ARCB). As of December 29, 2023, Vanguard beneficially owned 5,100,000 shares of ArcBest's Common Stock, representing 19.9% of the company. This filing indicates a significant passive investment by Vanguard, making them a key institutional holder and signaling their continued confidence in ArcBest's long-term prospects, which could reassure current and potential investors.

Why It Matters

This filing shows that Vanguard, a major institutional investor, maintains a substantial stake in ArcBest, which can be seen as a vote of confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive investment by a large institutional holder, which generally reduces volatility and risk.

Analyst Insight

A smart investor would view Vanguard's continued large, passive stake as a positive signal, suggesting long-term confidence in ArcBest. This could encourage holding existing shares or considering a purchase, especially if other fundamentals align.

Key Numbers

• 5,100,000 — Shares Beneficially Owned (Represents the total number of ArcBest Common Stock shares held by The Vanguard Group.)
• 19.9% — Percentage of Class (Indicates the significant ownership stake The Vanguard Group has in ArcBest Corp.)
• 03937C105 — CUSIP Number (Unique identifier for ArcBest Corp's Common Stock.)
• 20240213 — Filing Date (The date this amended Schedule 13G/A was filed with the SEC.)
• 23-1945930 — Vanguard's IRS Identification No. (Identifies The Vanguard Group as the reporting entity.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• ArcBest Corp (company) — the subject company whose securities are being reported
• 5,100,000 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 19.9% (dollar_amount) — percentage of ArcBest's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• ArcBest Corp's stock price will likely remain stable or see positive sentiment due to Vanguard's continued significant stake. (ArcBest Corp) — medium confidence, target: next 6 months

FAQ

Filing Documents

• tv0318-arcbestcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020315.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: ArcBest Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 8401 McClure Drive Fort Smith, AR 72916

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 03937C105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR