498,508 Shares in ERock, Inc. $EROC Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of ERock, Inc. (NYSE:EROCFree 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.

ERock (NYSE:EROCGet Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The firm had revenue of $39.88 million for the quarter, compared to analysts’ expectations of $26.45 million. On average, equities research analysts expect that ERock, Inc. will post -0.3 earnings per share for the current fiscal year.

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.

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ERock Company Profile

(Free Report)

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.

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