Goldman Sachs Group Inc. boosted its stake in shares of Archrock Partners, L.P. (NASDAQ:APLP) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,027,516 shares of the energy company’s stock after purchasing an additional 466,685 shares during the period. Goldman Sachs Group Inc. owned 6.14% of Archrock Partners, L.P. worth $60,050,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of APLP. Atlantic Trust Group LLC boosted its position in Archrock Partners, L.P. by 20.3% during the second quarter. Atlantic Trust Group LLC now owns 744,798 shares of the energy company’s stock valued at $11,105,000 after purchasing an additional 125,919 shares during the last quarter. Morgan Stanley boosted its position in Archrock Partners, L.P. by 6.4% during the first quarter. Morgan Stanley now owns 1,944,287 shares of the energy company’s stock valued at $33,364,000 after purchasing an additional 117,163 shares during the last quarter. Citigroup Inc. boosted its position in Archrock Partners, L.P. by 27.0% during the second quarter. Citigroup Inc. now owns 234,246 shares of the energy company’s stock valued at $3,493,000 after purchasing an additional 49,863 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Archrock Partners, L.P. during the second quarter valued at approximately $719,000. Finally, JPMorgan Chase & Co. boosted its position in Archrock Partners, L.P. by 24.7% during the second quarter. JPMorgan Chase & Co. now owns 134,923 shares of the energy company’s stock valued at $2,012,000 after purchasing an additional 26,690 shares during the last quarter. 41.17% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on APLP. Zacks Investment Research raised Archrock Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. BidaskClub raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Capital One Financial Corporation lowered Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.67.

Shares of Archrock Partners, L.P. (NASDAQ:APLP) opened at 14.32 on Friday. The firm has a 50-day moving average price of $13.74 and a 200 day moving average price of $14.98. The company’s market cap is $939.11 million. Archrock Partners, L.P. has a 1-year low of $12.56 and a 1-year high of $18.55.

Archrock Partners, L.P. (NASDAQ:APLP) last announced its earnings results on Tuesday, August 1st. The energy company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Archrock Partners, L.P. had a positive return on equity of 6.02% and a negative net margin of 2.49%. The firm had revenue of $138.30 million for the quarter, compared to the consensus estimate of $137.10 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Archrock Partners, L.P. will post $0.47 EPS for the current fiscal year.

WARNING: “Goldman Sachs Group Inc. Buys 466,685 Shares of Archrock Partners, L.P. (APLP)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/06/goldman-sachs-group-inc-buys-466685-shares-of-archrock-partners-l-p-aplp.html.

Archrock Partners, L.P. Profile

Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

Want to see what other hedge funds are holding APLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock Partners, L.P. (NASDAQ:APLP).

Institutional Ownership by Quarter for Archrock Partners, L.P. (NASDAQ:APLP)

Receive News & Stock Ratings for Archrock Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Partners L.P. and related stocks with our FREE daily email newsletter.