Arc Logistic Partners LP (NYSE:ARCX) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $20.00.

ARCX has been the subject of several recent analyst reports. Zacks Investment Research downgraded Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. ValuEngine downgraded Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus upgraded Arc Logistic Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, August 9th.

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Shares of Arc Logistic Partners (NYSE:ARCX) opened at 14.59 on Friday. Arc Logistic Partners has a 52 week low of $12.86 and a 52 week high of $17.40. The company has a 50-day moving average of $15.06 and a 200-day moving average of $14.79. The stock has a market capitalization of $285.16 million, a P/E ratio of 24.00 and a beta of 0.83.

Arc Logistic Partners (NYSE:ARCX) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. The business had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.71 million. On average, analysts anticipate that Arc Logistic Partners will post $0.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were paid a $0.44 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.76 annualized dividend and a yield of 12.06%. Arc Logistic Partners’s payout ratio is 247.89%.

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Arc Logistic Partners by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 908,661 shares of the pipeline company’s stock valued at $12,949,000 after buying an additional 221,662 shares during the period. Bank of America Corp DE boosted its stake in shares of Arc Logistic Partners by 49.9% in the first quarter. Bank of America Corp DE now owns 407,276 shares of the pipeline company’s stock valued at $5,804,000 after buying an additional 135,650 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Arc Logistic Partners by 289.9% in the first quarter. Renaissance Technologies LLC now owns 104,441 shares of the pipeline company’s stock valued at $1,488,000 after buying an additional 77,656 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Arc Logistic Partners by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock valued at $593,000 after buying an additional 1,300 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in shares of Arc Logistic Partners during the first quarter valued at about $464,000. 43.00% of the stock is currently owned by institutional investors and hedge funds.

About Arc Logistic Partners

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

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