Teachers Retirement System of The State of Kentucky continued to hold its position in shares of Archrock, Inc. (NYSE:AROC) during the first quarter, Holdings Channel reports. The fund owned 21,200 shares of the energy company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Archrock were worth $263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Archrock by 50.3% in the first quarter. Bank of New York Mellon Corp now owns 1,978,588 shares of the energy company’s stock worth $24,535,000 after buying an additional 662,512 shares during the last quarter. American Century Companies Inc. increased its position in shares of Archrock by 0.5% in the first quarter. American Century Companies Inc. now owns 511,643 shares of the energy company’s stock worth $6,344,000 after buying an additional 2,307 shares during the last quarter. Algert Global LLC acquired a new position in shares of Archrock during the first quarter worth about $1,465,000. State Board of Administration of Florida Retirement System increased its position in shares of Archrock by 48.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 79,063 shares of the energy company’s stock worth $980,000 after buying an additional 25,981 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Archrock by 5.8% in the first quarter. Great West Life Assurance Co. Can now owns 95,994 shares of the energy company’s stock worth $1,185,000 after buying an additional 5,302 shares during the last quarter. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Archrock, Inc. (AROC) traded down 0.50% on Thursday, hitting $9.90. The stock had a trading volume of 71,338 shares. Archrock, Inc. has a 12 month low of $9.60 and a 12 month high of $16.40. The company’s market cap is $702.30 million. The company’s 50 day moving average price is $10.99 and its 200-day moving average price is $12.23.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The firm had revenue of $198 million during the quarter, compared to analysts’ expectations of $196 million. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Archrock, Inc. will post ($0.20) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 4th. This represents a $0.48 dividend on an annualized basis and a yield of 4.82%.

WARNING: “Teachers Retirement System of The State of Kentucky Has $263,000 Stake in Archrock, Inc. (NYSE:AROC)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/10/teachers-retirement-system-of-the-state-of-kentucky-has-263000-stake-in-archrock-inc-nysearoc.html.

A number of brokerages have recently issued reports on AROC. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 price target on shares of Archrock in a report on Friday, April 21st. Zacks Investment Research downgraded Archrock from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Scotiabank set a $16.00 price target on Archrock and gave the company a “hold” rating in a report on Saturday, May 6th. Finally, FBR & Co reaffirmed a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of Archrock in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Archrock presently has an average rating of “Hold” and an average target price of $13.29.

About Archrock

Archrock, 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.

Want to see what other hedge funds are holding AROC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock, Inc. (NYSE:AROC).

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Receive News & Ratings for Archrock Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Inc. and related companies with MarketBeat.com's FREE daily email newsletter.