SG Americas Securities LLC Acquires 154,633 Shares of Archrock, Inc. $AROC

SG Americas Securities LLC boosted its holdings in shares of Archrock, Inc. (NYSE:AROC) by 611.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,942 shares of the energy company’s stock after buying an additional 154,633 shares during the quarter. SG Americas Securities LLC’s holdings in Archrock were worth $4,682,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in Archrock by 3.0% during the third quarter. Allworth Financial LP now owns 15,030 shares of the energy company’s stock worth $395,000 after buying an additional 436 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Archrock by 0.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 60,026 shares of the energy company’s stock valued at $1,579,000 after acquiring an additional 478 shares during the period. Farther Finance Advisors LLC raised its position in shares of Archrock by 49.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after acquiring an additional 546 shares in the last quarter. Royal Bank of Canada raised its position in shares of Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after acquiring an additional 667 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Archrock by 164.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after purchasing an additional 673 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Down 1.8%

Archrock stock opened at $34.17 on Thursday. Archrock, Inc. has a 1-year low of $20.12 and a 1-year high of $37.72. The business has a fifty day moving average price of $33.47 and a 200-day moving average price of $28.04. 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 stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.45 and a beta of 0.87.

Archrock (NYSE:AROC) last announced its earnings results on Wednesday, February 25th. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The company had revenue of $377.07 million for the quarter, compared to analyst estimates of $378.04 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders 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 2.6%. This is an increase from Archrock’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 10th. Archrock’s dividend payout ratio is currently 48.09%.

Insider Activity at Archrock

In related news, CAO Donna A. Henderson sold 10,413 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total value of $382,573.62. Following the completion of the transaction, the chief accounting officer directly owned 27,757 shares of the company’s stock, valued at $1,019,792.18. This trade represents a 27.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Archrock from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Citigroup increased their price target on shares of Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Dawson James restated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Stifel Nicolaus lifted their price objective on shares of Archrock from $31.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $38.14.

About Archrock

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.