Archrock, Inc. $AROC Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP increased its stake in Archrock, Inc. (NYSE:AROC) by 121.5% in the fourth quarter, Holdings Channel reports. The firm owned 43,589 shares of the energy company’s stock after purchasing an additional 23,906 shares during the period. GSA Capital Partners LLP’s holdings in Archrock were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AROC. Dimensional Fund Advisors LP raised its position in Archrock by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock worth $176,858,000 after buying an additional 207,978 shares during the last quarter. American Century Companies Inc. lifted its stake in Archrock by 3.3% during the 3rd quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after acquiring an additional 191,914 shares during the period. Sei Investments Co. lifted its stake in Archrock by 3.5% during the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after acquiring an additional 187,252 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Archrock during the 4th quarter valued at approximately $61,144,000. Finally, Millennium Management LLC lifted its stake in Archrock by 43.8% during the 3rd quarter. Millennium Management LLC now owns 2,009,230 shares of the energy company’s stock valued at $52,863,000 after acquiring an additional 611,773 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Price Performance

NYSE:AROC opened at $36.91 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94. The company has a 50 day moving average price of $36.44 and a 200-day moving average price of $30.90. Archrock, Inc. has a 1-year low of $21.17 and a 1-year high of $40.12.

Archrock (NYSE:AROC) last posted its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). The firm had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Archrock, Inc. will post 1.95 EPS for the current year.

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s payout ratio is 47.83%.

Analyst Upgrades and Downgrades

AROC has been the subject of several research reports. Zacks Research cut shares of Archrock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Citigroup lifted their price objective on shares of Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research note on Thursday, May 7th. Dawson James restated an “outperform” rating on shares of Archrock in a research note on Wednesday, February 25th. Finally, Stifel Nicolaus set a $41.00 price objective on shares of Archrock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Archrock has an average rating of “Buy” and a consensus target price of $40.86.

Insider Activity

In other news, CAO Donna A. Henderson sold 10,413 shares of Archrock stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the completion of the transaction, the chief accounting officer directly owned 27,757 shares of the company’s stock, valued at $1,019,792.18. The trade was a 27.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of Archrock stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the transaction, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This trade represents a 10.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 337,963 shares of company stock valued at $12,244,277 in the last three months. 2.90% of the stock is currently owned by corporate insiders.

Archrock Profile

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.