Waverly Advisors LLC Sells 20,215 Shares of Archrock, Inc. $AROC

Waverly Advisors LLC lowered its position in shares of Archrock, Inc. (NYSE:AROC) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,141 shares of the energy company’s stock after selling 20,215 shares during the period. Waverly Advisors LLC’s holdings in Archrock were worth $9,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted its stake in Archrock by 5.5% in the 4th quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock worth $226,869,000 after purchasing an additional 457,569 shares in the last quarter. State Street Corp boosted its holdings in Archrock by 2.2% in the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock valued at $182,631,000 after purchasing an additional 152,312 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Archrock by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock valued at $177,805,000 after purchasing an additional 111,218 shares in the last quarter. Sei Investments Co. grew its position in shares of Archrock by 3.5% during the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after purchasing an additional 187,252 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 worth $108,359,000 after purchasing an additional 84,715 shares during the period. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Down 1.4%

Shares of Archrock stock opened at $35.63 on Tuesday. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $42.23. The firm has a market cap of $6.25 billion, a PE ratio of 19.37, a PEG ratio of 1.58 and a beta of 0.84. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. The company has a 50 day simple moving average of $37.08 and a two-hundred day simple moving average of $34.90.

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

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Archrock’s previous quarterly dividend of $0.22. Archrock’s payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AROC shares. Zacks Research downgraded Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Royal Bank Of Canada lifted their price objective on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Mizuho boosted their target price on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company upped their target price on Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings cut Archrock from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.71.

Insider Buying and Selling at Archrock

In related news, CFO Doug S. Aron sold 90,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $36.74, for a total value of $3,306,600.00. Following the completion of the transaction, the chief financial officer directly owned 394,337 shares in the company, valued at approximately $14,487,941.38. The trade was a 18.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.19, for a total value of $1,260,270.00. Following the completion of the transaction, the senior vice president directly owned 277,454 shares in the company, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 158,000 shares of company stock valued at $5,907,370 over the last quarter. 2.90% of the stock is owned by company insiders.

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.