Weber Alan W raised its position in ARC Document Solutions Inc (NYSE:ARC) by 84.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 874,700 shares of the business services provider’s stock after purchasing an additional 400,000 shares during the period. ARC Document Solutions accounts for approximately 0.6% of Weber Alan W’s portfolio, making the stock its 23rd largest position. Weber Alan W owned 1.92% of ARC Document Solutions worth $1,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARC. JPMorgan Chase & Co. increased its stake in shares of ARC Document Solutions by 3.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,508,987 shares of the business services provider’s stock valued at $3,320,000 after acquiring an additional 43,664 shares in the last quarter. LMR Partners LLP bought a new stake in shares of ARC Document Solutions in the 2nd quarter valued at $219,000. Bailard Inc. bought a new stake in shares of ARC Document Solutions in the 1st quarter valued at $430,000. Mackay Shields LLC bought a new stake in shares of ARC Document Solutions in the 1st quarter valued at $213,000. Finally, BlackRock Inc. increased its stake in shares of ARC Document Solutions by 6.4% in the 4th quarter. BlackRock Inc. now owns 5,478,276 shares of the business services provider’s stock valued at $13,969,000 after acquiring an additional 327,779 shares in the last quarter. Hedge funds and other institutional investors own 67.24% of the company’s stock.

Shares of NYSE:ARC traded down $0.11 during midday trading on Monday, reaching $3.11. The company had a trading volume of 825 shares, compared to its average volume of 257,991. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.48. The company has a market capitalization of $142.49 million, a P/E ratio of 20.60 and a beta of 2.18. ARC Document Solutions Inc has a 52-week low of $1.62 and a 52-week high of $4.84.

ARC Document Solutions (NYSE:ARC) last issued its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $104.19 million for the quarter, compared to the consensus estimate of $103.94 million. ARC Document Solutions had a negative net margin of 5.62% and a positive return on equity of 4.13%. research analysts predict that ARC Document Solutions Inc will post 0.14 earnings per share for the current year.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of ARC Document Solutions from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Zacks Investment Research upgraded shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Tuesday, July 31st. Finally, B. Riley raised shares of ARC Document Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $2.75 to $3.25 in a report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. ARC Document Solutions presently has an average rating of “Buy” and a consensus price target of $3.75.

ARC Document Solutions Profile

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

Featured Story: Average Daily Trade Volume – What You Need to Know

Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

Receive News & Ratings for ARC Document Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Document Solutions and related companies with MarketBeat.com's FREE daily email newsletter.