Archrock, Inc. $AROC Holdings Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in Archrock, Inc. (NYSE:AROC) by 247.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,063 shares of the energy company’s stock after purchasing an additional 74,818 shares during the period. Corient Private Wealth LLC’s holdings in Archrock were worth $2,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC raised its holdings in Archrock by 40.7% during the 4th quarter. Hsbc Holdings PLC now owns 127,471 shares of the energy company’s stock worth $3,309,000 after buying an additional 36,847 shares during the period. Invesco Ltd. lifted its position in shares of Archrock by 5.5% in the 4th quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock valued at $226,869,000 after acquiring an additional 457,569 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Archrock by 20.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,519 shares of the energy company’s stock worth $482,000 after purchasing an additional 3,122 shares during the period. Vident Advisory LLC boosted its stake in Archrock by 11.9% in the 4th quarter. Vident Advisory LLC now owns 9,206 shares of the energy company’s stock worth $240,000 after purchasing an additional 980 shares during the period. Finally, First Citizens Bank & Trust Co. grew its position in Archrock by 5.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 26,990 shares of the energy company’s stock worth $702,000 after purchasing an additional 1,343 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Down 0.1%

Shares of NYSE:AROC opened at $41.91 on Monday. The stock has a market capitalization of $7.35 billion, a PE ratio of 22.78, a P/E/G ratio of 1.84 and a beta of 0.87. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $42.23. The firm has a fifty day moving average price of $36.82 and a 200 day moving average price of $33.12. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57.

Archrock (NYSE:AROC) last issued its quarterly earnings data 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. Archrock’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Archrock, Inc. will post 1.9 EPS for the current fiscal year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.1%. Archrock’s dividend payout ratio is currently 47.83%.

Analysts Set New Price Targets

AROC has been the subject of a number of research analyst reports. Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Wells Fargo & Company lifted their price target on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Mizuho increased their price objective on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $41.00 price objective on Archrock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $41.14.

Insider Transactions at Archrock

In other news, CFO Doug S. Aron sold 90,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.74, for a total transaction of $3,306,600.00. Following the completion of the transaction, the chief financial officer directly owned 394,337 shares of the company’s stock, valued at approximately $14,487,941.38. This trade represents a 18.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,000 shares of company stock valued at $5,907,370 in the last ninety days. 2.90% of the stock is owned by company insiders.

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.