Archrock, Inc. $AROC Stake Lessened by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC cut its stake in Archrock, Inc. (NYSE:AROC) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,505 shares of the energy company’s stock after selling 27,138 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Archrock were worth $1,697,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its stake in shares of Archrock by 164.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after purchasing an additional 673 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Archrock during the third quarter valued at approximately $34,000. Jones Financial Companies Lllp raised its stake in Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after buying an additional 902 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Archrock by 49.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after buying an additional 546 shares during the last quarter. Finally, Motco acquired a new position in shares of Archrock in the 2nd quarter worth approximately $57,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.40.

Insiders Place Their Bets

In related news, SVP Eric W. Thode sold 40,740 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $25.10, for a total value of $1,022,574.00. Following the completion of the transaction, the senior vice president owned 184,216 shares in the company, valued at $4,623,821.60. This represents a 18.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Archrock Stock Up 1.3%

AROC stock opened at $26.52 on Friday. The stock has a market cap of $4.65 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The firm’s 50-day simple moving average is $25.12 and its 200 day simple moving average is $24.62. Archrock, Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $30.44. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 1.80.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The company had revenue of $382.43 million for the quarter, compared to analyst estimates of $379.29 million. Archrock had a net margin of 18.43% and a return on equity of 20.17%. Archrock’s revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share. As a group, sell-side analysts predict that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Tuesday, November 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, November 4th. Archrock’s payout ratio is currently 56.00%.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.