Archrock, Inc. (NYSE:AROC) Stock Holdings Lowered by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 60.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,251 shares of the energy company's stock after selling 75,119 shares during the period. Jane Street Group LLC's holdings in Archrock were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AROC. Raymond James Financial Inc. purchased a new stake in Archrock in the 4th quarter valued at $36,241,000. Invesco Ltd. increased its stake in Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock valued at $221,121,000 after buying an additional 1,008,438 shares during the period. Clearbridge Investments LLC acquired a new position in Archrock in the 4th quarter valued at $17,247,000. JPMorgan Chase & Co. grew its stake in shares of Archrock by 135.1% during the 4th quarter. JPMorgan Chase & Co. now owns 993,063 shares of the energy company's stock worth $24,717,000 after purchasing an additional 570,680 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Archrock by 1,585,722.9% during the 4th quarter. Federated Hermes Inc. now owns 555,038 shares of the energy company's stock worth $13,815,000 after purchasing an additional 555,003 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Trading Up 1.3%

Shares of AROC stock traded up $0.32 during trading hours on Monday, hitting $24.80. 931,342 shares of the company were exchanged, compared to its average volume of 1,437,244. The firm has a market cap of $4.38 billion, a PE ratio of 27.25, a PEG ratio of 1.60 and a beta of 1.19. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a fifty day moving average of $24.48 and a 200 day moving average of $25.60.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $347.16 million for the quarter, compared to analyst estimates of $342.98 million. Analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.07%. Archrock's payout ratio is 64.41%.

Archrock announced that its Board of Directors has initiated a share repurchase program on Monday, May 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the energy company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Sidoti raised shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. Citigroup upped their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $26.67.

Insider Activity at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of Archrock stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.49, for a total value of $1,029,461.64. Following the completion of the sale, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

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.