Donna Henderson Sells 10,413 Shares of Archrock (NYSE:AROC) Stock

Archrock, Inc. (NYSE:AROC) CAO Donna Henderson sold 10,413 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the completion of the sale, the chief accounting officer owned 27,757 shares of the company’s stock, valued at approximately $1,019,792.18. This trade represents a 27.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Archrock Price Performance

NYSE AROC opened at $35.37 on Friday. The firm’s fifty day simple moving average is $30.06 and its two-hundred day simple moving average is $26.64. The firm has a market capitalization of $6.19 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Archrock, Inc. has a 12-month low of $20.12 and a 12-month high of $37.26.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.40 by $0.29. The firm had revenue of $377.07 million during the quarter, compared to analyst estimates of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.88 annualized dividend and a yield of 2.5%. This is an increase from Archrock’s previous quarterly dividend of $0.21. Archrock’s dividend payout ratio is currently 48.09%.

Institutional Investors Weigh In On Archrock

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Archrock by 3.3% in the 3rd quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after purchasing an additional 191,914 shares during the period. Allianz Asset Management GmbH boosted its holdings in Archrock by 19.8% during the third quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock worth $6,972,000 after buying an additional 43,872 shares in the last quarter. Hsbc Holdings PLC grew its position in Archrock by 55.1% during the second quarter. Hsbc Holdings PLC now owns 121,089 shares of the energy company’s stock valued at $3,049,000 after buying an additional 43,023 shares during the period. Bernzott Capital Advisors grew its position in Archrock by 62.3% during the third quarter. Bernzott Capital Advisors now owns 291,534 shares of the energy company’s stock valued at $7,670,000 after buying an additional 111,908 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Archrock by 515.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 91,643 shares of the energy company’s stock valued at $2,275,000 after buying an additional 76,764 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup raised their price target on Archrock from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Stifel Nicolaus upped their price objective on shares of Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Archrock in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Archrock from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Archrock has an average rating of “Buy” and a consensus price target of $36.86.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.