FBR & Co downgraded shares of ARC Document Solutions, Inc. (NYSE:ARC) from a buy rating to a neutral rating in a research report sent to investors on Thursday. FBR & Co currently has $5.25 price objective on the business services provider’s stock, up from their previous price objective of $4.00.

A number of other brokerages have also recently commented on ARC. B. Riley restated a buy rating and set a $5.25 price target on shares of ARC Document Solutions in a research note on Sunday, August 6th. TheStreet upgraded shares of ARC Document Solutions from a d+ rating to a c rating in a research note on Tuesday, August 1st. Finally, Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an outperform rating to a strong-buy rating in a research note on Thursday, July 6th. One equities 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 stock presently has a consensus rating of Hold and an average price target of $4.63.

Shares of ARC Document Solutions (ARC) traded down $1.62 on Thursday, reaching $2.82. 522,924 shares of the company’s stock were exchanged, compared to its average volume of 245,544. The stock has a market cap of $130.99, a P/E ratio of 14.84 and a beta of 2.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.73 and a quick ratio of 1.45.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business 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 firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. research analysts predict that ARC Document Solutions will post 0.13 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of ARC Document Solutions by 6.2% during the first quarter. Renaissance Technologies LLC now owns 2,559,900 shares of the business services provider’s stock worth $8,832,000 after buying an additional 150,500 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ARC Document Solutions by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock worth $9,164,000 after buying an additional 80,216 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of ARC Document Solutions by 35.6% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,744,414 shares of the business services provider’s stock worth $7,257,000 after buying an additional 458,020 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ARC Document Solutions by 7.2% during the second quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock worth $6,639,000 after buying an additional 107,235 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of ARC Document Solutions by 6.3% during the third quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock worth $6,302,000 after buying an additional 91,010 shares in the last quarter. 70.57% of the stock is owned by institutional investors.

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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