Brasada Capital Management LP Buys New Holdings in Archrock, Inc. $AROC

Brasada Capital Management LP bought a new stake in Archrock, Inc. (NYSE:AROC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,000 shares of the energy company’s stock, valued at approximately $598,000.

A number of other large investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Archrock by 2.2% in the fourth quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock valued at $182,631,000 after purchasing an additional 152,312 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Archrock by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock valued at $177,805,000 after purchasing an additional 111,218 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Archrock by 3.3% in the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after purchasing an additional 191,914 shares in the last quarter. Sei Investments Co. raised its stake in shares of Archrock by 3.5% in the third quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after purchasing an additional 187,252 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Archrock by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 4,163,783 shares of the energy company’s stock valued at $108,359,000 after purchasing an additional 84,715 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of NYSE:AROC opened at $36.58 on Friday. The business’s fifty day moving average price is $36.33 and its two-hundred day moving average price is $32.10. Archrock, Inc. has a fifty-two week low of $21.17 and a fifty-two week high of $40.12. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91.

Archrock (NYSE:AROC) last announced 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). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts predict that Archrock, Inc. will post 1.95 EPS for the current fiscal year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Archrock’s dividend payout ratio is presently 47.83%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James Financial restated an “outperform” rating and issued a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Royal Bank Of Canada upped their price target on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Wall Street Zen cut Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price target on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $41.14.

Insider Buying and Selling at Archrock

In other news, SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the sale, the senior vice president owned 277,454 shares in the company, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Doug S. Aron sold 35,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.30, for a total value of $1,340,500.00. Following the sale, the chief financial officer owned 359,337 shares in the company, valued at $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. Insiders have sold 327,550 shares of company stock worth $11,861,703 in the last 90 days. Company 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.