Inceptionr LLC Purchases Shares of 14,268 Archrock, Inc. $AROC

Inceptionr LLC purchased a new position in shares of Archrock, Inc. (NYSE:AROC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,268 shares of the energy company’s stock, valued at approximately $375,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in shares of Archrock in the 2nd quarter valued at approximately $16,027,000. Franklin Resources Inc. increased its holdings in Archrock by 78.7% during the second quarter. Franklin Resources Inc. now owns 1,237,956 shares of the energy company’s stock worth $30,738,000 after buying an additional 545,336 shares during the last quarter. American Century Companies Inc. increased its holdings in Archrock by 9.2% during the second quarter. American Century Companies Inc. now owns 5,886,085 shares of the energy company’s stock worth $146,152,000 after buying an additional 497,121 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Archrock by 256.6% during the second quarter. Cubist Systematic Strategies LLC now owns 498,418 shares of the energy company’s stock worth $12,376,000 after acquiring an additional 358,658 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Archrock by 87.0% during the second quarter. Qube Research & Technologies Ltd now owns 603,351 shares of the energy company’s stock worth $14,981,000 after acquiring an additional 280,745 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Insider Buying and Selling

In related news, CAO Donna A. Henderson sold 10,413 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total value of $382,573.62. Following the transaction, the chief accounting officer owned 27,757 shares in the company, valued at approximately $1,019,792.18. This represents a 27.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

AROC has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen cut shares of Archrock from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Citigroup lifted 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. Finally, Dawson James reissued an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Archrock presently has an average rating of “Buy” and a consensus target price of $36.86.

Archrock Trading Down 0.5%

Shares of Archrock stock opened at $35.94 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99. The business has a fifty day simple moving average of $30.66 and a two-hundred day simple moving average of $26.89. Archrock, Inc. has a 1 year low of $20.12 and a 1 year high of $37.26. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.50 and a beta of 0.87.

Archrock (NYSE:AROC) last released 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 for the quarter, compared to the consensus estimate of $378.04 million. Archrock had a net margin of 21.63% and a return on equity of 23.57%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. Research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a positive change from Archrock’s previous quarterly dividend of $0.21. Archrock’s payout ratio is presently 48.09%.

Archrock 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.