Yousif Capital Management LLC Sells 1,152 Shares of Archrock, Inc. (NYSE:AROC)

Yousif Capital Management LLC trimmed its position in Archrock, Inc. (NYSE:AROC) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,935 shares of the energy company’s stock after selling 1,152 shares during the period. Yousif Capital Management LLC’s holdings in Archrock were worth $1,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AROC. Raymond James Financial Inc. purchased a new position in Archrock during the fourth quarter valued at $36,241,000. Invesco Ltd. boosted its stake in Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company’s stock worth $221,121,000 after purchasing an additional 1,008,438 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in Archrock during the 4th quarter valued at about $17,247,000. Millennium Management LLC increased its stake in Archrock by 186.0% during the 4th quarter. Millennium Management LLC now owns 1,047,346 shares of the energy company’s stock valued at $26,068,000 after purchasing an additional 681,160 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Archrock by 135.1% in the fourth quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company’s stock worth $24,717,000 after buying an additional 570,680 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $24.58 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average price of $24.53 and a 200-day moving average price of $25.68. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44. The firm has a market capitalization of $4.35 billion, a PE ratio of 27.01, a P/E/G ratio of 1.60 and a beta of 1.11.

Archrock (NYSE:AROC) last posted its earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. As a group, equities research analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock’s payout ratio is currently 64.41%.

Archrock announced that its Board of Directors has initiated a share repurchase plan on Monday, May 5th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Sidoti upgraded shares of Archrock to a “hold” rating in a report on Wednesday, May 7th. Citigroup upped their price objective on Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Insider Activity at Archrock

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.49, for a total transaction of $1,029,461.64. Following the completion of the sale, the senior vice president now directly owns 275,911 shares of the company’s stock, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

About Archrock

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.