Shares of Arc Logistic Partners LP (NYSE:ARCX) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.33.
ARCX has been the subject of several research analyst reports. Zacks Investment Research raised shares of Arc Logistic Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $16.50 price objective on shares of Arc Logistic Partners in a research note on Friday, October 6th. BidaskClub raised shares of Arc Logistic Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. lowered shares of Arc Logistic Partners from a “buy” rating to a “hold” rating and raised their price objective for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new position in shares of Arc Logistic Partners in the third quarter valued at approximately $1,022,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Arc Logistic Partners in the third quarter valued at approximately $3,024,000. Mizuho Securities USA LLC purchased a new position in shares of Arc Logistic Partners in the third quarter valued at approximately $2,429,000. Mariner Wealth Advisors LLC boosted its stake in shares of Arc Logistic Partners by 3.0% in the second quarter. Mariner Wealth Advisors LLC now owns 14,765 shares of the pipeline company’s stock valued at $224,000 after purchasing an additional 434 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Arc Logistic Partners by 29.7% in the second quarter. D.A. Davidson & CO. now owns 9,604 shares of the pipeline company’s stock valued at $145,000 after purchasing an additional 2,200 shares during the period. 41.72% of the stock is owned by institutional investors and hedge funds.
Shares of Arc Logistic Partners (NYSE ARCX) traded down $0.03 during mid-day trading on Thursday, reaching $16.75. 63,007 shares of the company’s stock traded hands, compared to its average volume of 127,611. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.05 and a quick ratio of 1.02. The company has a market cap of $327.40, a PE ratio of 21.75, a price-to-earnings-growth ratio of 12.32 and a beta of 0.80.
Arc Logistic Partners (NYSE:ARCX) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $26.59 million for the quarter, compared to analysts’ expectations of $26.71 million. Arc Logistic Partners had a return on equity of 4.10% and a net margin of 13.28%. sell-side 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 will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 10.51%. The ex-dividend date is Tuesday, November 7th. Arc Logistic Partners’s payout ratio is 247.89%.
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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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