Marietta Investment Partners LLC Has $3.41 Million Stake in Archrock, Inc. $AROC

Marietta Investment Partners LLC grew its stake in shares of Archrock, Inc. (NYSE:AROC) by 58.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 97,928 shares of the energy company’s stock after purchasing an additional 36,028 shares during the period. Marietta Investment Partners LLC’s holdings in Archrock were worth $3,408,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AROC. Invesco Ltd. raised its stake in shares of Archrock by 5.5% in the fourth quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock worth $226,869,000 after purchasing an additional 457,569 shares during the last quarter. State Street Corp grew its holdings in Archrock by 2.2% during the fourth quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock worth $182,631,000 after buying an additional 152,312 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Archrock by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock worth $177,805,000 after buying an additional 111,218 shares in the last quarter. Sei Investments Co. raised its position in Archrock by 3.5% in the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after buying an additional 187,252 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Archrock by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,163,783 shares of the energy company’s stock valued at $108,359,000 after buying an additional 84,715 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AROC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their target price on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Raymond James Financial reissued an “outperform” rating and set a $46.00 price target on shares of Archrock in a research report on Thursday, May 7th. Wall Street Zen cut shares of Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Zacks Research downgraded shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $41.14.

Archrock Trading Up 0.2%

Shares of Archrock stock opened at $36.86 on Monday. The firm has a market cap of $6.46 billion, a PE ratio of 20.03, a P/E/G ratio of 1.61 and a beta of 0.84. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $42.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. The stock has a fifty day moving average price of $37.10 and a 200-day moving average price of $33.56.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share 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 return on equity of 22.89% and a net margin of 21.45%.Archrock’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Archrock, Inc. will post 1.9 EPS for the current year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s payout ratio is currently 47.83%.

Insider Activity

In other news, SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $10,595,968.26. This represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Doug S. Aron sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the sale, the chief financial officer owned 359,337 shares of the company’s stock, valued at approximately $13,762,607.10. The trade was a 8.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 158,000 shares of company stock worth $5,907,370. Insiders own 2.90% of the company’s stock.

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.