SG Americas Securities LLC Has $1.88 Million Holdings in Archrock, Inc. $AROC

SG Americas Securities LLC lessened its stake in shares of Archrock, Inc. (NYSE:AROC) by 70.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,926 shares of the energy company’s stock after selling 126,016 shares during the quarter. SG Americas Securities LLC’s holdings in Archrock were worth $1,877,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of AROC. Invesco Ltd. boosted its holdings in shares of Archrock by 5.5% during the 4th quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock worth $226,869,000 after buying an additional 457,569 shares during the period. State Street Corp lifted its position in Archrock by 2.2% during the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock worth $182,631,000 after acquiring an additional 152,312 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Archrock by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock worth $177,805,000 after buying an additional 111,218 shares during the last quarter. Sei Investments Co. boosted its position in shares of Archrock by 3.5% in the third quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after acquiring an additional 187,252 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Archrock by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 4,163,783 shares of the energy company’s stock valued at $108,359,000 after acquiring an additional 84,715 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Archrock

In other news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the completion of the transaction, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Doug S. Aron sold 35,000 shares of Archrock stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the sale, the chief financial officer owned 359,337 shares in the company, valued at approximately $13,762,607.10. This trade represents a 8.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,000 shares of company stock worth $5,907,370 in the last three months. Insiders own 2.90% of the company’s stock.

Archrock Price Performance

Shares of AROC stock opened at $36.86 on Friday. Archrock, Inc. has a 12 month low of $21.17 and a 12 month high of $42.23. The company has a market capitalization of $6.46 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.70 and a beta of 0.84. The stock has a 50 day moving average of $37.08 and a two-hundred day moving average of $33.49. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The firm had revenue of $373.77 million for the quarter, compared to the consensus estimate of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that Archrock, Inc. will post 1.9 EPS for the current year.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s payout ratio is 47.83%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $46.00 target price on shares of Archrock in a research report on Thursday, May 7th. Mizuho increased their price target on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their price target on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Wall Street Zen lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings upgraded shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Buy” and an average price target of $41.14.

Archrock Company Profile

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.