Archrock, Inc. $AROC Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in Archrock, Inc. (NYSE:AROC) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,589 shares of the energy company’s stock after purchasing an additional 1,654 shares during the period. Yousif Capital Management LLC’s holdings in Archrock were worth $1,653,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Archrock in the second quarter valued at $497,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Archrock by 8.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,574 shares of the energy company’s stock valued at $511,000 after acquiring an additional 1,617 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Archrock by 6.6% in the second quarter. Blue Trust Inc. now owns 32,552 shares of the energy company’s stock valued at $808,000 after acquiring an additional 2,022 shares in the last quarter. Financial Security Advisor Inc. lifted its position in shares of Archrock by 24.5% in the second quarter. Financial Security Advisor Inc. now owns 11,553 shares of the energy company’s stock valued at $287,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Callan Family Office LLC lifted its position in shares of Archrock by 28.2% in the second quarter. Callan Family Office LLC now owns 14,918 shares of the energy company’s stock valued at $370,000 after acquiring an additional 3,281 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

AROC has been the topic of several recent research reports. Evercore ISI reduced their price objective on Archrock from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company initiated coverage on Archrock in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 price objective on the stock. Mizuho upped their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Archrock Stock Performance

NYSE AROC opened at $24.19 on Monday. The business’s 50-day moving average price is $24.67 and its 200 day moving average price is $24.28. Archrock, Inc. has a twelve month low of $19.73 and a twelve month high of $30.44. The company has a market capitalization of $4.25 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86.

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

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were issued a $0.21 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Archrock’s dividend payout ratio (DPR) is 63.64%.

Insider Transactions at Archrock

In other news, Director Jason C. Rebrook acquired 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were bought at an average cost of $24.17 per share, for a total transaction of $241,700.00. Following the acquisition, the director directly owned 74,511 shares in the company, valued at $1,800,930.87. This trade represents a 15.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric W. Thode sold 10,000 shares of the firm’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 transaction, the senior vice president owned 224,809 shares in the company, valued at approximately $5,292,003.86. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Archrock Company 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.