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

Several brokerages recently commented on ARCX. Zacks Investment Research lowered Arc Logistic Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. BidaskClub lowered Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus raised Arc Logistic Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $18.00 in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. lowered Arc Logistic Partners from a “buy” rating to a “hold” rating and boosted their price target for the company from $15.00 to $16.50 in a research note on Wednesday, August 30th.

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in 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 worth $145,000 after purchasing an additional 2,200 shares in the last quarter. BB&T Securities LLC acquired a new position in Arc Logistic Partners in the first quarter worth $174,000. Mariner Wealth Advisors LLC boosted its stake in 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 worth $224,000 after purchasing an additional 434 shares in the last quarter. KCG Holdings Inc. acquired a new position in Arc Logistic Partners in the first quarter worth $464,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Arc Logistic Partners by 3.2% in the first 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 currently owned by institutional investors.

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Shares of Arc Logistic Partners (ARCX) opened at 16.73 on Friday. The firm has a market capitalization of $326.99 million, a price-to-earnings ratio of 27.52 and a beta of 0.81. The firm has a 50-day moving average price of $16.17 and a 200 day moving average price of $15.04. 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 announced its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.71 million. Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.10%. On average, analysts anticipate that Arc Logistic Partners will post $0.68 EPS for the current fiscal year.

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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