Boston Partners Grows Stake in ARC Document Solutions, Inc. (ARC)

Boston Partners grew its position in ARC Document Solutions, Inc. (NYSE:ARC) by 6.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,540,913 shares of the business services provider’s stock after buying an additional 91,010 shares during the period. Boston Partners owned 3.32% of ARC Document Solutions worth $6,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of ARC Document Solutions by 7.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock valued at $6,639,000 after buying an additional 107,235 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of ARC Document Solutions by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 127,310 shares of the business services provider’s stock valued at $439,000 after buying an additional 24,120 shares during the period. Ameriprise Financial Inc. increased its stake in shares of ARC Document Solutions by 25.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 672,723 shares of the business services provider’s stock valued at $2,798,000 after buying an additional 138,065 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of ARC Document Solutions by 35.6% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,744,414 shares of the business services provider’s stock valued at $7,257,000 after buying an additional 458,020 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of ARC Document Solutions by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,122,625 shares of the business services provider’s stock valued at $7,323,000 after buying an additional 60,119 shares during the period. 69.71% of the stock is owned by institutional investors.

ARC Document Solutions, Inc. (NYSE ARC) opened at $2.90 on Friday. ARC Document Solutions, Inc. has a 12-month low of $2.60 and a 12-month high of $5.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.34. The stock has a market capitalization of $124.51, a price-to-earnings ratio of 14.10 and a beta of 2.52.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $96.50 million during the quarter, compared to the consensus estimate of $98.24 million. ARC Document Solutions had a positive return on equity of 5.35% 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 earnings per share. research analysts anticipate that ARC Document Solutions, Inc. will post 0.13 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on ARC shares. B. Riley restated a “buy” rating and issued a $5.25 price target on shares of ARC Document Solutions in a research report on Monday, October 30th. FBR & Co lowered ARC Document Solutions from a “buy” rating to a “neutral” rating and raised their price target for the stock from $4.00 to $5.25 in a research report on Thursday, November 2nd. TheStreet upgraded ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, ValuEngine lowered ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. ARC Document Solutions currently has an average rating of “Hold” and an average price target of $4.63.

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.

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

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