Wedbush Securities Inc. increased its stake in Archrock Inc (NYSE:AROC) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,235 shares of the energy company’s stock after acquiring an additional 3,880 shares during the period. Wedbush Securities Inc.’s holdings in Archrock were worth $189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signition LP acquired a new stake in shares of Archrock during the 4th quarter worth about $76,000. Stevens Capital Management LP acquired a new stake in shares of Archrock during the 3rd quarter worth about $127,000. Meeder Asset Management Inc. raised its position in shares of Archrock by 1,317.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,278 shares of the energy company’s stock worth $161,000 after acquiring an additional 12,341 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in Archrock during the fourth quarter worth approximately $163,000. Finally, Advisors Asset Management Inc. acquired a new stake in Archrock during the second quarter worth approximately $164,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Several brokerages recently commented on AROC. Zacks Investment Research lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Piper Jaffray Companies set a $14.00 price target on shares of Archrock and gave the stock a “buy” rating in a research note on Thursday, October 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $14.00.

In related news, insider Doug S. Aron purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of $8.81 per share, for a total transaction of $70,480.00. Following the transaction, the insider now directly owns 64,715 shares of the company’s stock, valued at approximately $570,139.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO D Bradley Childers purchased 10,810 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The stock was bought at an average price of $9.05 per share, for a total transaction of $97,830.50. Following the transaction, the chief executive officer now directly owns 941,959 shares in the company, valued at $8,524,728.95. The disclosure for this purchase can be found here. Insiders bought a total of 26,310 shares of company stock worth $242,636 over the last ninety days. Corporate insiders own 2.54% of the company’s stock.

AROC traded up $0.05 during trading on Monday, hitting $9.09. 105,740 shares of the stock were exchanged, compared to its average volume of 811,102. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -45.45 and a beta of 2.94. Archrock Inc has a 1-year low of $7.26 and a 1-year high of $13.75. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 1.83.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Friday, February 8th will be issued a $0.132 dividend. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.81%. Archrock’s payout ratio is -265.00%.

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Archrock Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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