Archrock, Inc. $AROC Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Archrock, Inc. (NYSE:AROC) by 40.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 127,471 shares of the energy company’s stock after acquiring an additional 36,847 shares during the quarter. Hsbc Holdings PLC’s holdings in Archrock were worth $3,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC boosted its position in shares of Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Archrock in the 3rd quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Archrock in the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Archrock in the 4th quarter worth approximately $33,000. Finally, Jones Financial Companies Lllp lifted its stake in Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Stock Down 0.1%

AROC stock opened at $41.91 on Monday. Archrock, Inc. has a 52-week low of $21.17 and a 52-week high of $42.23. The company’s 50 day simple moving average is $36.82 and its 200-day simple moving average is $33.12. 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 firm has a market capitalization of $7.35 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.84 and a beta of 0.87.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). Archrock had a return on equity of 22.89% and a net margin of 21.45%.The firm had revenue of $373.77 million during the quarter, compared to analyst estimates of $378.36 million. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Archrock, Inc. will post 1.9 EPS for the current year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.1%. Archrock’s payout ratio is currently 47.83%.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on shares of Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Citigroup increased their price objective on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research note on Thursday, May 7th. Wells Fargo & Company lifted their target price on Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $41.14.

Insiders Place Their Bets

In related news, CFO Doug S. Aron sold 90,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.74, for a total transaction of $3,306,600.00. Following the transaction, the chief financial officer directly owned 394,337 shares of the company’s stock, valued at approximately $14,487,941.38. The trade was a 18.58% decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the completion of the sale, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,000 shares of company stock worth $5,907,370 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

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.