Bernzott Capital Advisors reduced its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 43.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,395 shares of the energy company's stock after selling 11,775 shares during the quarter. Bernzott Capital Advisors' holdings in Archrock were worth $404,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Archrock by 164.8% during the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock worth $26,000 after buying an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Archrock during the 1st quarter worth about $33,000. Covestor Ltd boosted its position in shares of Archrock by 580.6% during the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock valued at $111,000 after purchasing an additional 3,826 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Archrock during the 4th quarter valued at about $126,000. Finally, KBC Group NV boosted its position in shares of Archrock by 13.2% during the 1st quarter. KBC Group NV now owns 8,030 shares of the energy company's stock valued at $211,000 after purchasing an additional 937 shares in the last quarter. Institutional investors own 95.45% of the company's stock.
Archrock Stock Down 1.5%
NYSE AROC traded down $0.36 during trading on Monday, reaching $23.04. The company's stock had a trading volume of 289,368 shares, compared to its average volume of 1,426,924. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $4.07 billion, a PE ratio of 19.53, a PEG ratio of 1.26 and a beta of 1.08. The business has a 50-day moving average price of $24.76 and a 200-day moving average price of $25.51. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44.
Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Archrock had a net margin of 16.38% and a return on equity of 18.31%. The company had revenue of $347.16 million for the quarter, compared to analyst estimates of $342.98 million. On average, research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.
Archrock Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.30%. Archrock's dividend payout ratio is presently 64.41%.
Archrock announced that its Board of Directors has approved a share 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 purchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
Separately, Sidoti raised shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.67.
Read Our Latest Stock Report on Archrock
Insider Transactions at Archrock
In related news, SVP Jason Ingersoll sold 42,036 shares of the company's stock in a transaction dated 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 transaction, the senior vice president owned 275,911 shares in the company, valued at $6,757,060.39. This represents a 13.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.
Archrock Profile
(
Free Report)
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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