SG Americas Securities LLC Has $666,000 Stake in Archrock, Inc. $AROC

SG Americas Securities LLC raised its stake in Archrock, Inc. (NYSE:AROC) by 338.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,309 shares of the energy company’s stock after purchasing an additional 19,537 shares during the quarter. SG Americas Securities LLC’s holdings in Archrock were worth $666,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Archrock in the 3rd quarter valued at $34,000. Jones Financial Companies Lllp increased its position in Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after acquiring an additional 902 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Archrock by 49.9% during the third quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after buying an additional 546 shares during the last quarter. Motco bought a new stake in Archrock in the second quarter valued at about $57,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Archrock in the 2nd quarter valued at $59,000. 95.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on AROC shares. Evercore ISI upped their price target on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Royal Bank Of Canada increased their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Zacks Research downgraded Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Archrock currently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Insiders Place Their Bets

In other news, SVP Eric W. Thode sold 40,740 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $25.10, for a total value of $1,022,574.00. Following the transaction, the senior vice president owned 184,216 shares in the company, valued at $4,623,821.60. This represents a 18.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by company insiders.

Archrock Trading Up 3.7%

Shares of AROC opened at $27.91 on Thursday. The business has a 50-day moving average of $25.28 and a 200 day moving average of $24.68. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. Archrock, Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $30.39. The firm has a market cap of $4.90 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The business had revenue of $382.43 million during the quarter, compared to analysts’ expectations of $379.29 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s quarterly revenue was up 30.9% compared to the same quarter last year. As a group, research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current year.

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.