Cwm LLC Acquires 846 Shares of Archrock, Inc. (NYSE:AROC)

Cwm LLC boosted its holdings in shares of Archrock, Inc. (NYSE:AROC) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,703 shares of the energy company’s stock after acquiring an additional 846 shares during the period. Cwm LLC’s holdings in Archrock were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its holdings in shares of Archrock by 6.0% in the first quarter. Ballentine Partners LLC now owns 10,133 shares of the energy company’s stock valued at $266,000 after purchasing an additional 575 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Archrock by 17.9% in the first quarter. Xponance Inc. now owns 15,129 shares of the energy company’s stock valued at $397,000 after purchasing an additional 2,296 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Archrock by 30.2% in the first quarter. Cerity Partners LLC now owns 27,824 shares of the energy company’s stock valued at $730,000 after purchasing an additional 6,457 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Archrock by 2.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 27,955 shares of the energy company’s stock valued at $734,000 after purchasing an additional 738 shares in the last quarter. Finally, Moody Aldrich Partners LLC lifted its holdings in shares of Archrock by 17.6% in the first quarter. Moody Aldrich Partners LLC now owns 187,465 shares of the energy company’s stock valued at $4,919,000 after purchasing an additional 28,110 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Price Performance

Shares of NYSE AROC opened at $23.32 on Friday. The business’s 50 day moving average price is $24.51 and its two-hundred day moving average price is $25.42. The company has a market cap of $4.12 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 1.70. Archrock, Inc. has a twelve month low of $17.26 and a twelve month high of $30.44.

Archrock (NYSE:AROC) last posted its earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Archrock had a return on equity of 18.31% and a net margin of 16.38%. The company had revenue of $347.16 million for the quarter, compared to the consensus estimate of $342.98 million. On average, analysts predict that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th will be paid a $0.21 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, August 5th. Archrock’s payout ratio is 64.41%.

Archrock announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Separately, Sidoti upgraded Archrock to a “hold” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Activity

In related news, SVP Jason Ingersoll sold 42,036 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the completion of the sale, the senior vice president directly owned 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

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.