Blue Trust Inc. Acquires 2,022 Shares of Archrock, Inc. $AROC

Blue Trust Inc. raised its holdings in Archrock, Inc. (NYSE:AROC) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,552 shares of the energy company’s stock after acquiring an additional 2,022 shares during the quarter. Blue Trust Inc.’s holdings in Archrock were worth $808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Archrock by 164.8% in the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 buying an additional 902 shares during the period. TCTC Holdings LLC grew its holdings in shares of Archrock by 119.6% in the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company’s stock valued at $42,000 after buying an additional 871 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Archrock in the 1st quarter valued at $47,000. Finally, State of Wyoming acquired a new position in shares of Archrock in the 1st quarter valued at $53,000. 95.45% of the stock is owned by institutional investors.

Insider Transactions at Archrock

In other Archrock news, Director Jason C. Rebrook acquired 10,000 shares of Archrock stock in a transaction dated Thursday, September 18th. The stock was bought at an average cost of $24.17 per share, for a total transaction of $241,700.00. Following the purchase, the director directly owned 74,511 shares in the company, valued at approximately $1,800,930.87. This represents a 15.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Eric W. Thode sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total transaction of $235,400.00. Following the transaction, the senior vice president owned 224,809 shares of the company’s stock, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Archrock Price Performance

Shares of NYSE AROC opened at $23.88 on Friday. The firm has a market cap of $4.20 billion, a PE ratio of 18.09, a PEG ratio of 1.23 and a beta of 1.07. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. Archrock, Inc. has a 1-year low of $19.73 and a 1-year high of $30.44. The company has a fifty day moving average price of $24.54 and a 200 day moving average price of $24.36.

Archrock (NYSE:AROC) last announced its earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $383.15 million during the quarter, compared to analyst estimates of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. Research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.21 per share. This is a boost from Archrock’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. Archrock’s payout ratio is presently 63.64%.

Analyst Ratings Changes

AROC has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday. Mizuho boosted their price target on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Evercore ISI decreased their price target on shares of Archrock from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. Finally, Wells Fargo & Company initiated coverage on shares of Archrock in a report on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Archrock Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.