ARC Document Solutions, Inc. (NYSE:ARC) Cut to “Neutral” at FBR & Co

ARC Document Solutions, Inc. (NYSE:ARC) was downgraded by research analysts at FBR & Co from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, November 2nd. They currently have a $5.25 price objective on the business services provider’s stock, up from their prior price objective of $4.00. FBR & Co’s price target indicates a potential upside of 86.17% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Raymond James Financial, Inc. raised shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th. B. Riley downgraded shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the company from $5.25 to $4.00 in a research report on Thursday, November 2nd. Finally, TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.63.

Shares of ARC Document Solutions (ARC) traded up $0.14 during mid-day trading on Thursday, hitting $2.82. 194,249 shares of the stock were exchanged, compared to its average volume of 132,795. ARC Document Solutions has a 12 month low of $2.60 and a 12 month high of $5.55. The firm has a market capitalization of $131.01, a price-to-earnings ratio of 13.95 and a beta of 2.52. 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 (NYSE:ARC) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.35%. The firm had revenue of $96.50 million during the quarter, compared to the consensus estimate of $98.24 million. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. equities research analysts anticipate that ARC Document Solutions will post 0.13 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP increased its holdings in ARC Document Solutions by 35.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 181,436 shares of the business services provider’s stock valued at $744,000 after buying an additional 47,921 shares during the period. SG Americas Securities LLC increased its holdings in ARC Document Solutions by 36.8% in the 3rd quarter. SG Americas Securities LLC now owns 85,164 shares of the business services provider’s stock valued at $348,000 after buying an additional 22,892 shares during the period. Russell Investments Group Ltd. increased its holdings in ARC Document Solutions by 13.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 690,467 shares of the business services provider’s stock valued at $2,824,000 after buying an additional 81,961 shares during the period. Boston Partners increased its holdings in ARC Document Solutions by 6.3% in the 3rd quarter. Boston Partners now owns 1,540,913 shares of the business services provider’s stock valued at $6,302,000 after buying an additional 91,010 shares during the period. Finally, American Century Companies Inc. increased its holdings in ARC Document Solutions by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 370,466 shares of the business services provider’s stock valued at $1,515,000 after buying an additional 26,503 shares during the period. 70.02% of the stock is currently owned by institutional investors and hedge funds.

About ARC Document Solutions

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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