Pinebridge Investments L.P. lifted its holdings in shares of Archrock Inc (NYSE:AROC) by 279.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 113,306 shares of the energy company’s stock after acquiring an additional 83,424 shares during the period. Pinebridge Investments L.P.’s holdings in Archrock were worth $1,201,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in Archrock by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 202,174 shares of the energy company’s stock valued at $2,143,000 after purchasing an additional 993 shares during the last quarter. CWM Advisors LLC lifted its holdings in Archrock by 8.4% during the 2nd quarter. CWM Advisors LLC now owns 17,490 shares of the energy company’s stock valued at $185,000 after purchasing an additional 1,350 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Archrock by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 41,883 shares of the energy company’s stock valued at $410,000 after purchasing an additional 1,717 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in Archrock by 8.0% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 33,203 shares of the energy company’s stock valued at $325,000 after purchasing an additional 2,463 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Archrock by 2.1% during the 1st quarter. Comerica Bank now owns 128,898 shares of the energy company’s stock valued at $1,325,000 after purchasing an additional 2,651 shares during the last quarter. 88.25% of the stock is owned by institutional investors.

AROC traded up $0.06 during midday trading on Thursday, hitting $10.38. The company had a trading volume of 7,931 shares, compared to its average volume of 866,787. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.03 and a current ratio of 1.52. The company has a market capitalization of $1.36 billion, a PE ratio of 21.72 and a beta of 2.79. Archrock Inc has a twelve month low of $7.26 and a twelve month high of $12.79. The firm’s 50-day simple moving average is $9.65 and its 200-day simple moving average is $9.87.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Monday, July 29th. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $238.39 million during the quarter, compared to analyst estimates of $249.35 million. Archrock had a net margin of 5.73% and a return on equity of 6.96%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, sell-side analysts anticipate that Archrock Inc will post 0.56 EPS for the current fiscal year.

Several brokerages recently issued reports on AROC. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. B. Riley set a $17.00 price target on shares of Archrock and gave the company a “buy” rating in a report on Tuesday, June 11th.

In related news, CFO Doug S. Aron acquired 10,550 shares of the stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $8.20 per share, for a total transaction of $86,510.00. Following the transaction, the chief financial officer now owns 132,589 shares of the company’s stock, valued at approximately $1,087,229.80. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Donna A. Henderson sold 15,308 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $10.14, for a total transaction of $155,223.12. Following the completion of the sale, the chief accounting officer now owns 34,177 shares of the company’s stock, valued at approximately $346,554.78. The disclosure for this sale can be found here. Company insiders own 1.99% of the company’s stock.

About Archrock

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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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