JPMorgan Chase & Co. raised its holdings in shares of Archrock, Inc. (NYSE:AROC) by 98.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,970,711 shares of the energy company’s stock after purchasing an additional 1,472,445 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.19% of Archrock worth $33,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacad Investment Ltd. lifted its holdings in Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after purchasing an additional 500 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Archrock by 1.8% during the second quarter. Principal Financial Group Inc. now owns 570,136 shares of the energy company’s stock valued at $6,499,000 after purchasing an additional 9,951 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Archrock by 127.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,002,314 shares of the energy company’s stock valued at $11,427,000 after purchasing an additional 561,671 shares during the last quarter. American Century Companies Inc. lifted its holdings in Archrock by 7.9% during the second quarter. American Century Companies Inc. now owns 552,080 shares of the energy company’s stock valued at $6,294,000 after purchasing an additional 40,437 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its holdings in Archrock by 7,876.6% during the second quarter. Federated Investors Inc. PA now owns 94,922 shares of the energy company’s stock valued at $1,082,000 after purchasing an additional 93,732 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a report on Monday, August 7th. BidaskClub cut Archrock from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada upgraded Archrock from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Scotiabank set a $15.00 price target on Archrock and gave the company a “hold” rating in a research report on Tuesday, June 20th. Finally, FBR & Co reiterated a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.29.

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Shares of Archrock, Inc. (AROC) opened at 11.30 on Friday. The company’s market capitalization is $801.61 million. Archrock, Inc. has a 12 month low of $8.30 and a 12 month high of $16.40. The stock’s 50 day moving average price is $10.25 and its 200 day moving average price is $11.33.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The firm had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Archrock, Inc. will post ($0.20) EPS for the current year.

About Archrock

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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