Federated Investors Inc. PA grew its position in Arch Coal Inc (NYSE:ARCH) by 10.9% in the 1st quarter, Holdings Channel reports. The firm owned 14,183 shares of the energy company’s stock after purchasing an additional 1,395 shares during the period. Federated Investors Inc. PA’s holdings in Arch Coal were worth $1,303,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Arch Coal by 33.7% in the first quarter. Neuberger Berman Group LLC now owns 3,965 shares of the energy company’s stock valued at $364,000 after purchasing an additional 1,000 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Arch Coal by 2.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 97,621 shares of the energy company’s stock valued at $8,969,000 after purchasing an additional 2,109 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Arch Coal in the first quarter valued at about $1,395,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Arch Coal in the first quarter valued at about $4,941,000. Finally, Eagle Global Advisors LLC raised its holdings in shares of Arch Coal by 1.9% in the first quarter. Eagle Global Advisors LLC now owns 50,569 shares of the energy company’s stock valued at $4,646,000 after purchasing an additional 936 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Arch Coal opened at $84.74 on Wednesday, according to MarketBeat. The stock has a market cap of $1.75 billion, a P/E ratio of 7.46 and a beta of 0.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.89 and a quick ratio of 2.41. Arch Coal Inc has a fifty-two week low of $60.13 and a fifty-two week high of $102.61.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings results on Thursday, April 26th. The energy company reported $2.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.30 by ($1.35). The company had revenue of $575.30 million for the quarter, compared to the consensus estimate of $594.04 million. Arch Coal had a net margin of 10.73% and a return on equity of 39.10%. Arch Coal’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS. analysts predict that Arch Coal Inc will post 8.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Arch Coal’s dividend payout ratio is presently 14.08%.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a $120.00 price target on shares of Arch Coal and gave the company a “buy” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price target on shares of Arch Coal from $90.00 to $94.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “strong-buy” rating and set a $108.00 price target for the company in a research report on Friday, February 16th. ValuEngine upgraded shares of Arch Coal from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 28th. Finally, Seaport Global Securities set a $112.00 price target on shares of Arch Coal and gave the company a “buy” rating in a research report on Monday, April 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.89.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Institutional Ownership by Quarter for Arch Coal (NYSE:ARCH)

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