Archrock, Inc. (NYSE:AROC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Archrock, Inc. (NYSE:AROC) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,919 shares of the energy company’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System’s holdings in Archrock were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Archrock in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC raised its position in shares of Archrock by 184.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock worth $38,000 after acquiring an additional 2,539 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Archrock during the 3rd quarter worth about $119,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Archrock during the 3rd quarter worth about $135,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Archrock by 13.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,489 shares of the energy company’s stock worth $118,000 after acquiring an additional 1,335 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.67.

Archrock Price Performance

Shares of NYSE AROC opened at $19.39 on Wednesday. The stock’s 50-day simple moving average is $18.64 and its 200-day simple moving average is $15.87. The firm has a market capitalization of $3.03 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.90 and a beta of 1.59. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. Archrock, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $21.40.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $259.60 million for the quarter, compared to the consensus estimate of $252.42 million. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. As a group, equities research analysts forecast that Archrock, Inc. will post 0.99 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, February 5th. This is an increase from Archrock’s previous quarterly dividend of $0.16. Archrock’s dividend payout ratio (DPR) is currently 98.51%.

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.