Archrock, Inc. $AROC Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Archrock, Inc. (NYSE:AROC) by 9.6% during the second quarter, HoldingsChannel reports. The firm owned 25,266 shares of the energy company’s stock after purchasing an additional 2,215 shares during the period. Teacher Retirement System of Texas’ holdings in Archrock were worth $627,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Invesco Ltd. raised its position in shares of Archrock by 0.8% in the first quarter. Invesco Ltd. now owns 8,951,896 shares of the energy company’s stock valued at $234,898,000 after buying an additional 67,947 shares during the last quarter. American Century Companies Inc. grew its stake in Archrock by 9.4% during the 1st quarter. American Century Companies Inc. now owns 5,388,964 shares of the energy company’s stock valued at $141,406,000 after acquiring an additional 461,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Archrock by 17.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,292,302 shares of the energy company’s stock valued at $60,150,000 after acquiring an additional 334,858 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in Archrock by 2.0% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,647,222 shares of the energy company’s stock valued at $43,223,000 after acquiring an additional 32,958 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Archrock in the 1st quarter worth approximately $43,092,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Insider Activity

In other Archrock news, SVP Eric W. Thode sold 10,000 shares of Archrock stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.54, for a total transaction of $235,400.00. Following the completion of the sale, the senior vice president directly owned 224,809 shares in the company, valued at $5,292,003.86. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason C. Rebrook acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of $24.17 per share, for a total transaction of $241,700.00. Following the completion of the acquisition, the director owned 74,511 shares in the company, valued at approximately $1,800,930.87. The trade was a 15.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Wells Fargo & Company initiated coverage on Archrock in a report on Wednesday, September 3rd. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Mizuho boosted their price target on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $31.50.

Archrock Price Performance

AROC stock opened at $24.54 on Friday. The business has a fifty day moving average of $24.93 and a two-hundred day moving average of $24.53. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. Archrock, Inc. has a 52-week low of $20.12 and a 52-week high of $30.44.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, October 28th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $382.43 million for the quarter, compared to analyst estimates of $379.29 million. Archrock had a return on equity of 20.40% and a net margin of 18.43%.The company’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Tuesday, November 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Archrock’s dividend payout ratio is presently 56.00%.

Archrock Company 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.