Arc Logistic Partners LP (ARCX) Given Average Rating of “Hold” by Brokerages

Arc Logistic Partners LP (NYSE:ARCX) has been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.33.

A number of research firms have recently commented on ARCX. Stifel Nicolaus downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $18.00 to $16.50 in a report on Wednesday, August 30th. SunTrust Banks, Inc. downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and raised their price objective for the stock from $15.00 to $16.50 in a report on Wednesday, August 30th. BidaskClub raised shares of Arc Logistic Partners from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Arc Logistic Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, ValuEngine downgraded shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

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Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Arc Logistic Partners by 29.7% during the 2nd quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock worth $145,000 after acquiring an additional 2,200 shares during the period. BB&T Securities LLC acquired a new stake in shares of Arc Logistic Partners during the 1st quarter worth about $174,000. Mariner Wealth Advisors LLC increased its position in shares of Arc Logistic Partners by 3.0% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock worth $224,000 after purchasing an additional 434 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Arc Logistic Partners during the 1st quarter worth about $464,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Arc Logistic Partners by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock worth $593,000 after purchasing an additional 1,300 shares in the last quarter. 40.60% of the stock is owned by institutional investors.

Shares of Arc Logistic Partners (ARCX) opened at 16.62 on Wednesday. The company has a market cap of $324.84 million, a P/E ratio of 27.34 and a beta of 0.81. The company’s 50 day moving average is $15.26 and its 200-day moving average is $14.76. Arc Logistic Partners has a 12 month low of $12.86 and a 12 month high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. Analysts expect that Arc Logistic Partners will post $0.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.59%. The ex-dividend date of this dividend was Friday, August 4th. Arc Logistic Partners’s payout ratio is 247.89%.

About Arc Logistic Partners

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

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