EFG Asset Management North America Corp. Has $2.23 Million Stock Holdings in Archrock, Inc. $AROC

EFG Asset Management North America Corp. grew its stake in shares of Archrock, Inc. (NYSE:AROC) by 48.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,590 shares of the energy company’s stock after purchasing an additional 27,730 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Archrock were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB grew its stake in shares of Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after buying an additional 673 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Archrock in the third quarter valued at $34,000. Jones Financial Companies Lllp grew its position in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after acquiring an additional 902 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares during the last quarter. Finally, Motco acquired a new position in shares of Archrock during the 2nd quarter worth about $57,000. Institutional investors own 95.45% of the company’s stock.

Insider Buying and Selling at Archrock

In other news, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction on Monday, November 10th. The stock was sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the completion of the sale, the senior vice president owned 184,216 shares of the company’s stock, valued at approximately $4,623,821.60. This trade represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Archrock Price Performance

Archrock stock opened at $28.52 on Wednesday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.28 and a beta of 0.92. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. Archrock, Inc. has a 12 month low of $20.12 and a 12 month high of $30.19. The stock’s 50 day moving average is $25.65 and its 200-day moving average is $24.81.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Archrock had a return on equity of 20.17% and a net margin of 18.43%.The business had revenue of $382.43 million during the quarter, compared to analysts’ expectations of $379.29 million. During the same period last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. Equities research analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

AROC has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Evercore ISI lifted their price objective on shares of Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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.