Archrock, Inc. (NYSE:AROC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Archrock, Inc. (NYSE:AROC - Free Report) by 60.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Archrock by 20.2% during the fourth quarter. Northern Trust Corp now owns 2,241,032 shares of the energy company's stock valued at $55,779,000 after acquiring an additional 376,564 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Archrock by 0.4% in the 4th quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock valued at $325,434,000 after purchasing an additional 47,563 shares in the last quarter. Hancock Whitney Corp acquired a new position in Archrock during the 4th quarter worth approximately $235,000. Price T Rowe Associates Inc. MD lifted its position in Archrock by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 119,951 shares of the energy company's stock worth $2,986,000 after acquiring an additional 14,321 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Archrock by 19.8% during the 4th quarter. Hsbc Holdings PLC now owns 103,867 shares of the energy company's stock worth $2,607,000 after acquiring an additional 17,134 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Trading Up 0.3%

Shares of NYSE AROC opened at $25.38 on Wednesday. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.60 and a beta of 1.19. Archrock, Inc. has a 12 month low of $17.27 and a 12 month 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 business has a fifty day simple moving average of $24.57 and a 200-day simple moving average of $25.49.

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

Archrock announced that its board has approved a stock buyback plan on Monday, May 5th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the energy company to purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.99%. Archrock's dividend payout ratio (DPR) is presently 64.41%.

Insider Activity at Archrock

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the firm's 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 sale, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AROC has been the subject of a number of research analyst reports. Citigroup boosted their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Sidoti upgraded Archrock to a "hold" rating in a research report on Wednesday, May 7th. 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 stock presently has an average rating of "Moderate Buy" and an average target price 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.

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