ARC Document Solutions, Inc. (ARC) Lowered to Sell at Zacks Investment Research
ARC Document Solutions, Inc. (NYSE:ARC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “
A number of other analysts have also recently commented on ARC. Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th. B. Riley reiterated a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a research note on Thursday, July 27th. TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. FBR & Co downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $5.25 in a report on Thursday. Finally, ValuEngine downgraded shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. ARC Document Solutions has an average rating of “Hold” and a consensus target price of $4.63.
ARC Document Solutions (ARC) traded down $1.68 during mid-day trading on Friday, hitting $2.76. The stock had a trading volume of 372,372 shares, compared to its average volume of 245,544. The company has a market capitalization of $161.65 million, a price-to-earnings ratio of 18.32 and a beta of 2.52.
ARC Document Solutions (NYSE:ARC) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $96.50 million for the quarter, compared to the consensus estimate of $98.24 million. ARC Document Solutions had a positive return on equity of 5.28% and a negative net margin of 1.70%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. equities research analysts forecast that ARC Document Solutions will post 0.13 EPS for the current year.
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Institutional investors have recently made changes to their positions in the business. Acadian Asset Management grew its holdings in ARC Document Solutions by 7.1% in the 4th quarter. Acadian Asset Management now owns 178,650 shares of the business services provider’s stock worth $789,000 after acquiring an additional 11,855 shares during the last quarter. Boston Partners boosted its stake in shares of ARC Document Solutions by 10.9% during the 3rd quarter. Boston Partners now owns 2,297,085 shares of the business services provider’s stock valued at $8,592,000 after purchasing an additional 226,395 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of ARC Document Solutions by 431.2% during the 4th quarter. Pzena Investment Management LLC now owns 3,821,153 shares of the business services provider’s stock valued at $16,889,000 after purchasing an additional 3,101,743 shares in the last quarter. Oxford Asset Management boosted its stake in shares of ARC Document Solutions by 16.6% during the 4th quarter. Oxford Asset Management now owns 292,009 shares of the business services provider’s stock valued at $1,289,000 after purchasing an additional 41,638 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of ARC Document Solutions by 21.2% during the 1st quarter. North Star Investment Management Corp. now owns 561,250 shares of the business services provider’s stock valued at $1,936,000 after purchasing an additional 98,000 shares in the last quarter. 70.57% of the stock is currently owned by institutional investors and hedge funds.
ARC Document Solutions Company Profile
ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.
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