Archrock, Inc. (NYSE:AROC) SVP Jason Ingersoll Sells 42,036 Shares

Archrock, Inc. (NYSE:AROC - Get Free Report) SVP Jason Ingersoll sold 42,036 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the completion of the transaction, the senior vice president now owns 275,911 shares of the company's stock, valued at $6,757,060.39. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Archrock Stock Down 1.6%

Shares of NYSE:AROC traded down $0.41 during trading hours on Thursday, reaching $25.36. The stock had a trading volume of 111,971 shares, compared to its average volume of 1,460,997. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The firm's 50 day moving average is $24.44 and its 200-day moving average is $25.31. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. Research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock declared that its board has initiated a stock repurchase plan on Monday, May 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were paid a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.00%. Archrock's dividend payout ratio is presently 64.41%.

Hedge Funds Weigh In On Archrock

Several large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Archrock by 164.8% during the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock worth $26,000 after buying an additional 600 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Archrock during the first quarter worth approximately $33,000. Wolverine Asset Management LLC lifted its holdings in shares of Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares during the period. TCTC Holdings LLC grew its position in Archrock by 119.6% in the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock valued at $42,000 after buying an additional 871 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Archrock in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AROC shares. Sidoti upgraded Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup raised their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.67.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.