Archrock, Inc. $AROC Stock Position Lowered by Amundi

Amundi lessened its position in Archrock, Inc. (NYSE:AROC) by 20.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,530 shares of the energy company’s stock after selling 19,280 shares during the quarter. Amundi’s holdings in Archrock were worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company’s stock worth $26,000 after buying an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Archrock in the 1st quarter worth approximately $33,000. TCTC Holdings LLC lifted its position in Archrock by 119.6% in the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company’s stock worth $42,000 after buying an additional 871 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Archrock in the 1st quarter worth approximately $47,000. Finally, State of Wyoming purchased a new stake in Archrock in the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC opened at $24.41 on Friday. The company has a market capitalization of $4.29 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. Archrock, Inc. has a one year low of $19.23 and a one year high of $30.44. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.30. The company’s fifty day moving average price is $23.83 and its 200 day moving average price is $24.44.

Archrock (NYSE:AROC) last announced its earnings results on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $383.15 million for the quarter, compared to the consensus estimate of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. As a group, analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Archrock’s payout ratio is 63.64%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AROC. Mizuho increased their target price on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Evercore ISI cut their price target on shares of Archrock from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company began coverage on shares of Archrock in a report on Wednesday, September 3rd. They set an “overweight” rating and a $30.00 price target on the stock. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling

In related news, SVP Eric W. Thode sold 10,000 shares of Archrock stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $23.54, for a total value of $235,400.00. Following the transaction, the senior vice president owned 224,809 shares in the company, valued at $5,292,003.86. This trade represents a 4.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.