Archrock, Inc. $AROC Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of Archrock, Inc. (NYSE:AROC) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 275,391 shares of the energy company’s stock after purchasing an additional 24,170 shares during the period. Royce & Associates LP owned 0.16% of Archrock worth $7,166,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Archrock by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock worth $176,858,000 after buying an additional 207,978 shares during the last quarter. American Century Companies Inc. raised its position in Archrock by 3.3% during the 3rd quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after buying an additional 191,914 shares during the last quarter. Sei Investments Co. raised its position in Archrock by 3.5% during the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock worth $144,681,000 after buying an additional 187,252 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Archrock during the 4th quarter worth $61,144,000. Finally, Millennium Management LLC raised its position in Archrock by 43.8% during the 3rd quarter. Millennium Management LLC now owns 2,009,230 shares of the energy company’s stock worth $52,863,000 after buying an additional 611,773 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of analyst reports. Stifel Nicolaus set a $41.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price objective on shares of Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Citigroup upped their price objective on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Archrock currently has an average rating of “Buy” and an average target price of $40.86.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the completion of the transaction, the senior vice president directly owned 277,454 shares in the company, valued at approximately $10,595,968.26. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Donna A. Henderson sold 10,413 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the transaction, the chief accounting officer owned 27,757 shares of the company’s stock, valued at $1,019,792.18. This trade represents a 27.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 337,963 shares of company stock worth $12,244,277. 2.90% of the stock is owned by corporate insiders.

Archrock Stock Performance

Shares of AROC opened at $34.56 on Friday. The company has a 50-day simple moving average of $36.55 and a 200-day simple moving average of $31.31. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $6.06 billion, a PE ratio of 18.78, a P/E/G ratio of 1.55 and a beta of 0.94. Archrock, Inc. has a 52-week low of $21.17 and a 52-week high of $40.12.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The company had revenue of $373.77 million during the quarter, compared to analysts’ expectations of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company’s revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is 47.83%.

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.