Arc Logistic Partners LP (NYSE:ARCX) was upgraded by stock analysts at TheStreet from a “sell” rating to a “hold” rating in a report issued on Monday.
Other equities analysts have also recently issued reports about the company. DA Davidson reissued a “buy” rating and set a $22.00 target price on shares of Arc Logistic Partners in a research note on Tuesday, November 8th. Stifel Nicolaus raised Arc Logistic Partners from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, November 7th. They noted that the move was a valuation call. Zacks Investment Research cut Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Citigroup Inc. boosted their target price on Arc Logistic Partners from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $16.50.
Arc Logistic Partners (NYSE:ARCX) traded up 3.21% during midday trading on Monday, reaching $14.80. The company had a trading volume of 11,516 shares. The stock has a market capitalization of $285.67 million, a PE ratio of 22.06 and a beta of 0.88. The company has a 50-day moving average of $14.81 and a 200-day moving average of $14.23. Arc Logistic Partners has a 12-month low of $8.66 and a 12-month high of $16.07.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, November 7th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, November 3rd. This represents a $1.76 annualized dividend and a dividend yield of 11.89%. Arc Logistic Partners’s dividend payout ratio is presently 258.82%.
Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Arc Logistic Partners by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 786,051 shares of the company’s stock valued at $8,041,000 after buying an additional 7,289 shares during the period. Cohen & Steers Inc. increased its stake in Arc Logistic Partners by 326.1% in the second quarter. Cohen & Steers Inc. now owns 642,090 shares of the company’s stock valued at $17,336,000 after buying an additional 491,397 shares during the period. Advisory Research Inc. increased its stake in Arc Logistic Partners by 0.9% in the second quarter. Advisory Research Inc. now owns 542,595 shares of the company’s stock valued at $7,054,000 after buying an additional 5,000 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Arc Logistic Partners during the second quarter valued at approximately $111,000. Institutional investors own 63.60% of the company’s stock.
Arc Logistic Partners Company Profile