Zacks Investment Research Downgrades ARC Document Solutions (ARC) to Sell

ARC Document Solutions (NYSE:ARC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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 brokerages have also recently commented on ARC. B. Riley reaffirmed a “buy” rating and set a $5.25 target price on shares of ARC Document Solutions in a report on Monday, October 30th. FBR & Co cut shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $4.00 to $5.25 in a report on Thursday, November 2nd. TheStreet cut shares of ARC Document Solutions from a “c-” rating to a “d+” rating in a report on Friday, November 17th. Finally, ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One 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. The company presently has an average rating of “Hold” and a consensus price target of $4.63.

Shares of ARC Document Solutions (ARC) traded down $0.05 during mid-day trading on Wednesday, reaching $2.17. 178,025 shares of the company’s stock were exchanged, compared to its average volume of 171,659. ARC Document Solutions has a twelve month low of $2.10 and a twelve month high of $4.84. The stock has a market capitalization of $101.74, a PE ratio of -15.50 and a beta of 2.28. The company has a current ratio of 1.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

In other ARC Document Solutions news, Director Mark W. Mealy sold 22,000 shares of the company’s 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 transaction, the director now directly owns 116,538 shares in the company, valued at $315,817.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 14.93% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in shares of ARC Document Solutions by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock worth $158,000 after purchasing an additional 3,446 shares during the period. Wells Fargo & Company MN boosted its position in shares of ARC Document Solutions by 94.1% in the fourth quarter. Wells Fargo & Company MN now owns 66,971 shares of the business services provider’s stock worth $171,000 after purchasing an additional 32,463 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of ARC Document Solutions by 6.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock worth $186,000 after purchasing an additional 2,900 shares during the period. Deutsche Bank AG boosted its position in shares of ARC Document Solutions by 91.6% in the fourth quarter. Deutsche Bank AG now owns 89,278 shares of the business services provider’s stock worth $226,000 after purchasing an additional 42,680 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in shares of ARC Document Solutions in the fourth quarter worth approximately $263,000. Institutional investors and hedge funds 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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