Chicago Equity Partners LLC increased its holdings in shares of Archrock Inc (NYSE:AROC) by 12.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 159,930 shares of the energy company’s stock after purchasing an additional 17,675 shares during the period. Chicago Equity Partners LLC owned 0.12% of Archrock worth $1,695,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Archrock by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,137,987 shares of the energy company’s stock valued at $60,955,000 after acquiring an additional 562,836 shares during the last quarter. Norges Bank acquired a new position in Archrock during the fourth quarter valued at approximately $16,222,000. Nisa Investment Advisors LLC raised its position in Archrock by 7,364.7% during the first quarter. Nisa Investment Advisors LLC now owns 63,450 shares of the energy company’s stock valued at $621,000 after purchasing an additional 62,600 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Archrock during the first quarter worth $216,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Archrock by 202.1% during the first quarter. BNP Paribas Arbitrage SA now owns 29,189 shares of the energy company’s stock worth $285,000 after buying an additional 19,528 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.
In other Archrock news, insider D Bradley Childers acquired 12,050 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $8.19 per share, with a total value of $98,689.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Donna A. Henderson sold 15,308 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.14, for a total transaction of $155,223.12. Following the sale, the chief accounting officer now directly owns 34,177 shares in the company, valued at approximately $346,554.78. The disclosure for this sale can be found here. 1.99% of the stock is owned by company insiders.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Archrock from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. B. Riley set a $17.00 target price on shares of Archrock and gave the stock a “buy” rating in a report on Tuesday, June 11th.
Shares of AROC stock opened at $10.69 on Friday. The company has a 50 day moving average of $9.65 and a 200-day moving average of $9.85. The company has a quick ratio of 1.03, a current ratio of 1.52 and a debt-to-equity ratio of 1.98. Archrock Inc has a 12-month low of $7.26 and a 12-month high of $12.79. The firm has a market cap of $1.38 billion, a P/E ratio of 22.27 and a beta of 2.79.
Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, July 29th. The energy company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). The firm had revenue of $238.39 million during the quarter, compared to the consensus estimate of $249.35 million. Archrock had a net margin of 5.73% and a return on equity of 6.96%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, equities analysts expect that Archrock Inc will post 0.56 EPS for the current year.
Archrock Company Profile
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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