Invesco Ltd. Acquires 690,968 Shares of Arq, Inc. (NASDAQ:ARQ)

Invesco Ltd. increased its position in shares of Arq, Inc. (NASDAQ:ARQ - Free Report) by 3,981.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 708,324 shares of the company's stock after buying an additional 690,968 shares during the period. Invesco Ltd. owned about 1.69% of ARQ worth $5,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of ARQ in the 4th quarter worth about $793,000. JPMorgan Chase & Co. lifted its stake in ARQ by 956.7% during the fourth quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company's stock worth $869,000 after purchasing an additional 103,877 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of ARQ by 128.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company's stock worth $1,129,000 after buying an additional 83,784 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ARQ by 11.4% during the 4th 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 during the period. Finally, State Street Corp grew its position in shares of ARQ by 19.6% during the third quarter. State Street Corp now owns 394,751 shares of the company's stock worth $2,317,000 after acquiring an additional 64,595 shares during the last quarter. Institutional investors and hedge funds own 18.49% of the company's stock.

ARQ Price Performance

Shares of NASDAQ:ARQ traded up $0.02 on Thursday, reaching $3.81. 14,630 shares of the company traded hands, compared to its average volume of 255,940. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The stock has a market capitalization of $160.84 million, a PE ratio of -380.50 and a beta of 1.46. The company's 50 day moving average is $4.29 and its 200-day moving average is $5.81. Arq, Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.17.

ARQ (NASDAQ:ARQ - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $27.04 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.14 EPS. As a group, analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on shares of ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th.

Insider Buying and Selling at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of ARQ 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 $1,660,417.20. The trade was a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 20,588 shares of company stock worth $96,352 over the last 90 days. 26.87% of the stock is currently owned by corporate insiders.

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.