Wellington Management Group LLP purchased a new stake in shares of ERock, Inc. (NYSE:EROC – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 498,508 shares of the company’s stock, valued at approximately $7,228,000.
Separately, Kayne Anderson Capital Advisors LP purchased a new stake in ERock in the second quarter worth $710,000.
ERock Trading Up 12.2%
Shares of ERock stock opened at $13.84 on Wednesday. The stock has a 50 day moving average price of $12.54. ERock, Inc. has a 52-week low of $8.88 and a 52-week high of $20.70.
Analyst Ratings Changes
EROC has been the topic of several research reports. Barclays started coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective on the stock. Wolfe Research assumed coverage on shares of ERock in a research note on Monday, July 6th. They set an “outperform” rating and a $24.00 price objective on the stock. Evercore initiated coverage on shares of ERock in a research note on Monday, July 6th. They issued an “outperform” rating and a $28.00 price objective for the company. Zacks Research upgraded ERock to a “hold” rating in a report on Tuesday, July 7th. Finally, Guggenheim dropped their target price on ERock from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ERock has an average rating of “Moderate Buy” and an average price target of $22.50.
ERock Company Profile
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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