Stephens Investment Management Group LLC Makes New $32.90 Million Investment in Archrock, Inc. $AROC

Stephens Investment Management Group LLC purchased a new position in Archrock, Inc. (NYSE:AROCFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,264,576 shares of the energy company’s stock, valued at approximately $32,904,000.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in shares of Archrock by 71.0% in the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after acquiring an additional 403 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Archrock during the third quarter worth about $27,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after buying an additional 673 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Archrock during the fourth quarter worth about $33,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after buying an additional 902 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Insider Activity at Archrock

In related news, CAO Donna A. Henderson sold 10,413 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total transaction of $382,573.62. Following the completion of the transaction, the chief accounting officer directly owned 27,757 shares of the company’s stock, valued at approximately $1,019,792.18. This represents a 27.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Doug S. Aron sold 98,050 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $34.76, for a total value of $3,408,218.00. Following the transaction, the chief financial officer directly owned 484,337 shares of the company’s stock, valued at $16,835,554.12. This trade represents a 16.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 179,963 shares of company stock valued at $6,336,907 over the last three months. Insiders own 2.90% of the company’s stock.

Archrock Stock Performance

Shares of NYSE AROC opened at $37.41 on Friday. The stock has a 50 day moving average price of $36.29 and a 200 day moving average price of $30.52. Archrock, Inc. has a 52 week low of $21.17 and a 52 week high of $40.12. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41. The stock has a market capitalization of $6.56 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94.

Archrock (NYSE:AROCGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s dividend payout ratio is 47.83%.

Analyst Ratings Changes

AROC has been the subject of a number of research reports. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Raymond James Financial reiterated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a report on Thursday, May 7th. Stifel Nicolaus set a $41.00 price objective on Archrock in a report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.86.

Get Our Latest Analysis on Archrock

Archrock Company Profile

(Free Report)

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.

See Also

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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