Zacks Investment Research lowered shares of ARC Document Solutions (NYSE:ARC) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
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 research firms have also recently commented on ARC. B. Riley reiterated a buy rating and issued a $5.25 target price on shares of ARC Document Solutions in a research note on Monday, October 30th. FBR & Co cut shares of ARC Document Solutions from a buy rating to a neutral rating and lifted their target price for the stock from $4.00 to $5.25 in a research note on Thursday, November 2nd. TheStreet cut shares of ARC Document Solutions from a c- rating to a d+ rating in a research note on Friday, November 17th. Finally, ValuEngine cut shares of ARC Document Solutions from a buy rating to a hold rating in a research note on Thursday, November 2nd. One research 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 stock. The company presently has a consensus rating of Hold and an average price target of $4.63.
Shares of ARC Document Solutions (ARC) opened at $2.19 on Wednesday. The company has a market cap of $101.74, a P/E ratio of 11.53 and a beta of 2.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34. ARC Document Solutions has a 12 month low of $2.10 and a 12 month high of $4.84.
In related news, Director Mark W. Mealy sold 22,000 shares of ARC Document Solutions stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $2.71, for a total value of $59,620.00. Following the completion of the sale, the director now directly owns 116,538 shares in the company, valued at approximately $315,817.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.93% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ARC. Boston Partners lifted its stake in ARC Document Solutions by 6.3% during the 3rd quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock valued at $6,302,000 after acquiring an additional 91,010 shares during the period. First Quadrant L P CA lifted its stake in ARC Document Solutions by 14.3% during the 4th quarter. First Quadrant L P CA now owns 281,985 shares of the business services provider’s stock valued at $719,000 after acquiring an additional 35,258 shares during the period. Dimensional Fund Advisors LP lifted its stake in ARC Document Solutions by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock valued at $9,164,000 after acquiring an additional 80,216 shares during the period. Ameriprise Financial Inc. lifted its stake in ARC Document Solutions by 25.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 138,065 shares during the period. Finally, OxFORD Asset Management LLP lifted its stake in ARC Document Solutions by 35.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 181,436 shares of the business services provider’s stock valued at $744,000 after acquiring an additional 47,921 shares during the period. Institutional investors own 71.03% of the company’s stock.
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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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