Mutual of America Capital Management LLC Sells 2,793 Shares of Archrock, Inc. $AROC

Mutual of America Capital Management LLC reduced its stake in Archrock, Inc. (NYSE:AROC) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,713 shares of the energy company’s stock after selling 2,793 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Archrock were worth $564,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Archrock by 26.7% during the first quarter. GAMMA Investing LLC now owns 9,098 shares of the energy company’s stock worth $239,000 after purchasing an additional 1,917 shares during the period. Janney Montgomery Scott LLC increased its position in Archrock by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,761 shares of the energy company’s stock worth $335,000 after buying an additional 574 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Archrock by 15.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,268 shares of the energy company’s stock worth $296,000 after buying an additional 1,537 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Archrock by 12.9% in the first quarter. Bessemer Group Inc. now owns 10,371 shares of the energy company’s stock valued at $272,000 after acquiring an additional 1,188 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Archrock by 12.5% in the first quarter. Illinois Municipal Retirement Fund now owns 97,445 shares of the energy company’s stock valued at $2,557,000 after acquiring an additional 10,825 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

AROC stock opened at $25.57 on Tuesday. The company has a market capitalization of $4.50 billion, a P/E ratio of 19.37, a PEG ratio of 1.31 and a beta of 1.07. The company has a fifty day moving average price of $24.83 and a 200-day moving average price of $24.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.30 and a current ratio of 1.81. Archrock, Inc. has a 52-week low of $19.73 and a 52-week high of $30.44.

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

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Tuesday, November 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, November 4th. Archrock’s payout ratio is currently 63.64%.

Analysts Set New Price Targets

Several analysts have weighed in on AROC shares. Zacks Research upgraded shares of Archrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Evercore ISI cut their price target on Archrock from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Mizuho increased their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company started coverage on Archrock in a report on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $30.00.

Insider Activity at Archrock

In other news, SVP Eric W. Thode sold 10,000 shares of the company’s 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 sale, the senior vice president directly owned 224,809 shares of the company’s stock, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jason C. Rebrook bought 5,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average cost of $23.94 per share, with a total value of $119,700.00. Following the purchase, the director directly owned 79,511 shares of the company’s stock, valued at $1,903,493.34. The trade was a 6.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

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.