ARC Document Solutions (ARC) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ARC Document Solutions (NYSE:ARC) from a hold rating to a sell rating in a report released on Wednesday, February 14th.

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. “

Other analysts also recently issued reports about the company. B. Riley restated a buy rating and issued a $5.25 price objective on shares of ARC Document Solutions in a report on Monday, October 30th. TheStreet downgraded ARC Document Solutions from a c- rating to a d+ rating in a report on Friday, November 17th. ValuEngine cut shares of ARC Document Solutions from a buy rating to a hold rating in a research report on Thursday, November 2nd. Finally, FBR & Co cut shares of ARC Document Solutions from a buy rating to a neutral rating and increased their price objective for the stock from $4.00 to $5.25 in a research report on Thursday, November 2nd. 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 company. The stock presently has an average rating of Hold and an average price target of $4.63.

ARC Document Solutions (NYSE ARC) traded up $0.03 during midday trading on Wednesday, reaching $2.22. The company had a trading volume of 110,208 shares, compared to its average volume of 168,423. The firm has a market capitalization of $101.74, a P/E ratio of -15.86 and a beta of 2.28. ARC Document Solutions has a 1-year low of $2.10 and a 1-year high of $4.84. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.85.

In other news, Director Mark W. Mealy sold 22,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $2.71, for a total transaction of $59,620.00. Following the transaction, the director now owns 116,538 shares of the company’s stock, valued at approximately $315,817.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.93% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ARC. Schwab Charles Investment Management Inc. lifted its position in ARC Document Solutions by 28.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 126,550 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 28,340 shares in the last quarter. Teachers Advisors LLC lifted its position in ARC Document Solutions by 3.2% in the 2nd quarter. Teachers Advisors LLC now owns 79,624 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 2,452 shares in the last quarter. Ameriprise Financial Inc. lifted its position in 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 acquiring an additional 138,065 shares in the last quarter. Northern Trust Corp lifted its position in ARC Document Solutions by 4.9% in the 2nd quarter. Northern Trust Corp now owns 467,446 shares of the business services provider’s stock valued at $1,944,000 after acquiring an additional 21,914 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of ARC Document Solutions by 1.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 249,493 shares of the business services provider’s stock worth $1,038,000 after buying an additional 2,976 shares in the last quarter. 68.45% of the stock is currently owned by institutional investors and hedge funds.

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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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