UBS Group AG Sells 369,155 Shares of Archrock, Inc. $AROC

UBS Group AG trimmed its holdings in shares of Archrock, Inc. (NYSE:AROC) by 42.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 501,121 shares of the energy company’s stock after selling 369,155 shares during the period. UBS Group AG’s holdings in Archrock were worth $13,039,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Archrock by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock worth $176,858,000 after buying an additional 207,978 shares during the last quarter. American Century Companies Inc. boosted its holdings in Archrock by 3.3% in the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after acquiring an additional 191,914 shares in the last quarter. Sei Investments Co. boosted its holdings in Archrock by 3.5% in the third quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock worth $144,681,000 after acquiring an additional 187,252 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Archrock in the fourth quarter worth $61,144,000. Finally, Millennium Management LLC grew its stake in shares of Archrock by 43.8% in the third quarter. Millennium Management LLC now owns 2,009,230 shares of the energy company’s stock worth $52,863,000 after acquiring an additional 611,773 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Archrock Stock Up 1.2%

Shares of AROC stock opened at $37.23 on Friday. 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, Inc. has a 12 month low of $21.17 and a 12 month high of $40.12. The stock has a market cap of $6.53 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.57 and a beta of 0.94. The company has a 50 day simple moving average of $36.28 and a two-hundred day simple moving average of $30.47.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a return on equity of 22.89% and a net margin of 21.45%.The business had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $378.36 million. The company’s revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that Archrock, Inc. will post 1.95 earnings per share for the current year.

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s payout ratio is 47.83%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AROC shares. Citigroup lifted their price target on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho increased their price objective on shares of Archrock from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada raised their price objective on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Stifel Nicolaus set a $41.00 target price on shares of Archrock in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $40.86.

Insider Activity

In other Archrock news, 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 value of $3,408,218.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Donna A. Henderson sold 10,413 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total value of $382,573.62. Following the completion of the transaction, the chief accounting officer directly owned 27,757 shares in the company, valued at $1,019,792.18. This trade represents a 27.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,963 shares of company stock valued at $6,336,907 in the last three months. 2.90% of the stock is currently owned by corporate 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.