Cavalier Investments LLC Sells 644 Shares of Archrock, Inc. $AROC

Cavalier Investments LLC trimmed its position in shares of Archrock, Inc. (NYSE:AROC) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,960 shares of the energy company’s stock after selling 644 shares during the period. Cavalier Investments LLC’s holdings in Archrock were worth $794,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Archrock by 164.8% in the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company’s stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after buying an additional 902 shares during the period. TCTC Holdings LLC raised its stake in shares of Archrock by 119.6% in the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company’s stock valued at $42,000 after buying an additional 871 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Archrock in the 1st quarter valued at $47,000. Finally, State of Wyoming bought a new position in shares of Archrock during the 1st quarter worth about $53,000. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Up 0.4%

AROC opened at $24.68 on Wednesday. The firm has a 50 day simple moving average of $24.71 and a 200 day simple moving average of $24.30. Archrock, Inc. has a fifty-two week low of $19.73 and a fifty-two week high of $30.44. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.30.

Archrock (NYSE:AROC) last released its earnings results on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $383.15 million during the quarter, compared to analyst estimates of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. On average, sell-side analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Archrock’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, August 5th. Archrock’s payout ratio is presently 63.64%.

Insider Transactions at Archrock

In other news, SVP Eric W. Thode sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the sale, the senior vice president directly owned 224,809 shares of the company’s stock, valued at $5,292,003.86. This represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jason C. Rebrook purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was purchased at an average price of $23.94 per share, for a total transaction of $119,700.00. Following the completion of the transaction, the director directly owned 79,511 shares in the company, valued at $1,903,493.34. This trade represents a 6.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

AROC has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Archrock in a research note on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 target price on the stock. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a report on Monday. Mizuho increased their target price on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Evercore ISI dropped their target price on shares of Archrock from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $30.00.

Archrock Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.