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

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

Archrock Trading Down 0.4%

AROC stock traded down $0.09 during midday trading on Friday, reaching $25.45. The company's stock had a trading volume of 1,099,012 shares, compared to its average volume of 1,461,449. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 1.60 and a beta of 1.19. The stock has a fifty day simple moving average of $24.52 and a two-hundred day simple moving average of $25.42. 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, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. On average, equities research analysts predict that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 2.99%. Archrock's dividend payout ratio (DPR) is currently 64.41%.

Archrock declared that its board has approved a stock repurchase program on Monday, May 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the energy company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Archrock

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Aristeia Capital L.L.C. bought a new position in shares of Archrock during the 1st quarter worth $314,000. Jones Financial Companies Lllp grew its holdings in Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock worth $35,000 after acquiring an additional 902 shares in the last quarter. Sandler Capital Management purchased a new position in Archrock during the 1st quarter valued at about $1,743,000. PharVision Advisers LLC purchased a new position in Archrock during the 1st quarter valued at about $205,000. Finally, Millennium Management LLC raised its holdings in shares of Archrock by 5.9% in the 1st quarter. Millennium Management LLC now owns 1,109,352 shares of the energy company's stock valued at $29,109,000 after purchasing an additional 62,006 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AROC has been the subject of a number of research analyst reports. Citigroup lifted their target price on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Sidoti upgraded shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Company Profile

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.