Archrock, Inc. $AROC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of Archrock, Inc. (NYSE:AROC) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,559,131 shares of the energy company’s stock after selling 104,534 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Archrock worth $508,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Archrock in the 3rd quarter worth approximately $27,000. Wilmington Savings Fund Society FSB lifted its holdings 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 during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Archrock during the fourth quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC acquired a new stake in Archrock during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the sale, the chief accounting officer directly owned 27,757 shares of the company’s stock, valued at approximately $1,019,792.18. This represents a 27.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Doug S. Aron sold 98,050 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $34.76, for a total transaction of $3,408,218.00. Following the sale, the chief financial officer directly owned 484,337 shares in the company, valued at $16,835,554.12. This represents a 16.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 179,963 shares of company stock worth $6,336,907 over the last quarter. Company insiders own 2.90% of the company’s stock.

Archrock Stock Performance

AROC opened at $38.83 on Tuesday. The stock has a market cap of $6.80 billion, a PE ratio of 21.22, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $39.70. The stock’s 50 day simple moving average is $35.81 and its 200-day simple moving average is $29.73.

Archrock (NYSE:AROC) last released its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29. The business had revenue of $377.07 million for the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.Archrock’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. Sell-side analysts forecast that Archrock, Inc. will post 1.96 EPS for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. Archrock’s payout ratio is presently 48.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Zacks Research downgraded shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Royal Bank Of Canada raised their price target on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Dawson James reiterated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Archrock Company 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.