Arq, Inc. (NASDAQ:ARQ) Stock Holdings Increased by Invesco Ltd.

Invesco Ltd. lifted its holdings in Arq, Inc. (NASDAQ:ARQ) by 3,981.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 708,324 shares of the company’s stock after purchasing an additional 690,968 shares during the quarter. Invesco Ltd.’s holdings in ARQ were worth $5,362,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in ARQ by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock worth $5,031,000 after purchasing an additional 67,962 shares in the last quarter. State Street Corp raised its stake in shares of ARQ by 19.6% in the 3rd quarter. State Street Corp now owns 394,751 shares of the company’s stock worth $2,317,000 after buying an additional 64,595 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of ARQ by 128.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock valued at $1,129,000 after buying an additional 83,784 shares during the period. JPMorgan Chase & Co. boosted its stake in ARQ by 956.7% during the fourth quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company’s stock valued at $869,000 after buying an additional 103,877 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in ARQ during the fourth quarter worth about $793,000. 18.49% of the stock is owned by institutional investors and hedge funds.

ARQ Trading Down 0.8 %

Shares of NASDAQ:ARQ opened at $3.65 on Friday. The stock has a market capitalization of $154.08 million, a price-to-earnings ratio of -365.00 and a beta of 1.46. Arq, Inc. has a 1-year low of $3.34 and a 1-year high of $8.26. The company has a 50 day moving average price of $4.40 and a 200 day moving average price of $5.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89.

ARQ (NASDAQ:ARQ) last announced its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $27.04 million for the quarter, compared to analyst estimates of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, research analysts anticipate that Arq, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price target on shares of ARQ from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Insider Buying and Selling

In other ARQ news, CTO Joseph M. Wong sold 6,596 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the sale, the chief technology officer now directly owns 354,790 shares in the company, valued at approximately $1,660,417.20. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 20,588 shares of company stock valued at $96,352. Company insiders own 26.87% of the company’s stock.

ARQ Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.