SG Americas Securities LLC Grows Stake in Archrock, Inc. $AROC

SG Americas Securities LLC raised its position in shares of Archrock, Inc. (NYSE:AROC) by 338.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,309 shares of the energy company’s stock after acquiring an additional 19,537 shares during the quarter. SG Americas Securities LLC’s holdings in Archrock were worth $666,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after acquiring an additional 667 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. Strs Ohio acquired a new stake in Archrock in the first quarter worth about $344,000. State of Alaska Department of Revenue grew its position in Archrock by 8.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 105,291 shares of the energy company’s stock worth $2,614,000 after purchasing an additional 8,240 shares during the last quarter. Finally, XML Financial LLC purchased a new stake in shares of Archrock during the second quarter valued at $202,000. 95.45% of the stock is currently owned by institutional investors.

Insider Activity at Archrock

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the completion of the transaction, the senior vice president directly owned 184,216 shares of the company’s stock, valued at $4,623,821.60. This trade represents a 18.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Archrock Stock Performance

AROC opened at $27.91 on Thursday. The stock’s 50 day simple moving average is $25.28 and its 200 day simple moving average is $24.68. The stock has a market cap of $4.90 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.22 and a beta of 0.92. Archrock, Inc. has a 1-year low of $20.12 and a 1-year high of $30.39. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.56 and a quick ratio of 1.01.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The company had revenue of $382.43 million for the quarter, compared to analyst estimates of $379.29 million. During the same period in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. As a group, equities analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

About Archrock

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.