30,026 Shares in Archrock, Inc. $AROC Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC purchased 30,026 shares of Archrock, Inc. for approximately $746,000, marking a significant new investment in the company.
• Institutional investors currently hold 95.45% of Archrock's stock, highlighting strong institutional interest and recent increases in positions by several hedge funds.
• Archrock's stock has received an average rating of "Moderate Buy" from analysts, with a price target around $30.00, indicating positive growth expectations.

Counterpoint Mutual Funds LLC acquired a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,026 shares of the energy company's stock, valued at approximately $746,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AROC. Farther Finance Advisors LLC increased its position in 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 purchasing an additional 600 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Archrock during the first quarter valued at about $33,000. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 902 shares during the last quarter. TCTC Holdings LLC increased its position in shares of Archrock by 119.6% during the first quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock valued at $42,000 after acquiring an additional 871 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in shares of Archrock during the first quarter valued at about $47,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Archrock in a research report on Wednesday, September 3rd. They set an "overweight" rating and a $30.00 price target for the company. Evercore ISI dropped their price target on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Finally, Mizuho lifted their price target on shares of Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Insider Activity at Archrock

In related news, Director Jason C. Rebrook acquired 10,000 shares of Archrock stock in a transaction dated Thursday, September 18th. The stock was acquired at an average price of $24.17 per share, for a total transaction of $241,700.00. Following the transaction, the director owned 74,511 shares of the company's stock, valued at $1,800,930.87. This represents a 15.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric W. Thode sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total transaction of $235,400.00. Following the sale, the senior vice president owned 224,809 shares of the company's stock, valued at $5,292,003.86. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Archrock Stock Up 1.5%

Shares of NYSE:AROC opened at $24.47 on Tuesday. The company has a market capitalization of $4.30 billion, a PE ratio of 18.54, a P/E/G ratio of 1.24 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. Archrock, Inc. has a twelve month low of $19.73 and a twelve month high of $30.44. The firm has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $24.37.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The energy company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $383.15 million during the quarter, compared to the consensus estimate of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The company's revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities analysts predict 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 Tuesday, August 12th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. This is a boost from Archrock's previous quarterly dividend of $0.19. Archrock's payout ratio is presently 63.64%.

Archrock 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.

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