Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Archrock Inc (NYSE:AROC) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,053 shares of the energy company’s stock after purchasing an additional 8,052 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Archrock were worth $8,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its stake in shares of Archrock by 70.1% in the 4th quarter. Advisor Group Inc. now owns 3,782 shares of the energy company’s stock valued at $28,000 after buying an additional 1,558 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Archrock in the 1st quarter valued at $31,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Archrock in the 4th quarter valued at $49,000. Signition LP acquired a new position in shares of Archrock in the 4th quarter valued at $76,000. Finally, LS Investment Advisors LLC raised its stake in shares of Archrock by 234.3% in the 4th quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock valued at $97,000 after buying an additional 9,053 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

AROC opened at $9.93 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.95 and a current ratio of 1.39. Archrock Inc has a twelve month low of $7.26 and a twelve month high of $13.75. The stock has a market capitalization of $1.27 billion, a PE ratio of 20.69 and a beta of 2.86.

Archrock (NYSE:AROC) last posted its earnings results on Monday, April 29th. The energy company reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The business had revenue of $236.16 million for the quarter, compared to analyst estimates of $239.45 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts expect that Archrock Inc will post 0.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were issued a $0.132 dividend. This represents a $0.53 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Tuesday, May 7th. Archrock’s payout ratio is 110.42%.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, April 25th. B. Riley reaffirmed a “buy” rating on shares of Archrock in a report on Friday, February 22nd. Finally, ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.50.

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Archrock Company Profile

Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. 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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