Archrock, Inc. $AROC Shares Sold by Earnest Partners LLC

Earnest Partners LLC lowered its position in Archrock, Inc. (NYSE:AROC) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,806,170 shares of the energy company’s stock after selling 16,188 shares during the period. Archrock makes up approximately 1.3% of Earnest Partners LLC’s investment portfolio, making the stock its 13th largest holding. Earnest Partners LLC owned 0.07% of Archrock worth $310,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in Archrock by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 60,026 shares of the energy company’s stock worth $1,579,000 after buying an additional 478 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Archrock by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 15,247 shares of the energy company’s stock worth $379,000 after acquiring an additional 490 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Archrock by 49.9% in the third quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after acquiring an additional 546 shares during the period. Royal Bank of Canada raised its holdings in shares of Archrock by 0.7% during the first quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after purchasing an additional 667 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised 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 purchasing an additional 673 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Down 1.3%

Shares of NYSE:AROC opened at $34.62 on Friday. The business’s 50 day moving average price is $31.00 and its 200-day moving average price is $27.04. Archrock, Inc. has a 1 year low of $20.12 and a 1 year high of $37.26. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.87. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.29. The company had revenue of $377.07 million during the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a net margin of 21.63% and a return on equity of 23.57%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. This is a boost from Archrock’s previous quarterly dividend of $0.21. Archrock’s dividend payout ratio is 48.09%.

Insider Transactions at Archrock

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the business’s 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 sale, the chief accounting officer directly owned 27,757 shares in the company, valued at approximately $1,019,792.18. The trade was a 27.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Dawson James reaffirmed an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Wells Fargo & Company boosted their price target on Archrock from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Archrock from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Citigroup raised their price target on shares of Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Buy” and an average target price of $37.00.

Archrock Profile

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.