California State Teachers Retirement System decreased its stake in shares of Archrock Inc. (NYSE:AROC) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,936 shares of the company’s stock after selling 1,063 shares during the period. California State Teachers Retirement System owned 0.21% of Archrock worth $1,375,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board raised its stake in shares of Archrock by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 168,047 shares of the company’s stock valued at $1,344,000 after buying an additional 5,500 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Archrock during the first quarter valued at $4,616,000. Huntington Asset Advisors Inc. purchased a new stake in shares of Archrock during the first quarter valued at $120,000. Goldman Sachs Group Inc. raised its stake in shares of Archrock by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,706,125 shares of the company’s stock valued at $13,649,000 after buying an additional 44,624 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Archrock by 5.6% in the first quarter. Prudential Financial Inc. now owns 687,610 shares of the company’s stock valued at $5,501,000 after buying an additional 36,700 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Archrock Inc. (NYSE:AROC) traded up 4.34% during mid-day trading on Thursday, hitting $12.26. The stock had a trading volume of 786,542 shares. Archrock Inc. has a 12 month low of $3.41 and a 12 month high of $24.17. The stock’s 50-day moving average is $11.24 and its 200 day moving average is $8.83. The company’s market cap is $839.50 million.

Several equities research analysts recently weighed in on AROC shares. Royal Bank Of Canada raised Archrock from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $4.00 to $10.00 in a report on Friday, August 5th. Johnson Rice raised Archrock from a “hold” rating to an “accumulate” rating in a report on Friday, August 5th. FBR & Co set a $11.00 price objective on Archrock and gave the stock a “hold” rating in a report on Friday, August 5th. Simmons started coverage on Archrock in a report on Monday, August 22nd. They issued a “neutral” rating and a $12.25 price objective for the company. Finally, Howard Weil lowered Archrock from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $9.00 to $10.00 in a report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Archrock currently has an average rating of “Hold” and a consensus target price of $11.22.

About Archrock

Archrock, Inc, formerly Exterran Holdings, Inc, is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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