CHURCHILL MANAGEMENT Corp Grows Position in Archrock, Inc. (NYSE:AROC)

CHURCHILL MANAGEMENT Corp grew its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 459,301 shares of the energy company's stock after acquiring an additional 14,475 shares during the period. CHURCHILL MANAGEMENT Corp owned about 0.26% of Archrock worth $12,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AROC. Farther Finance Advisors LLC grew its position in Archrock by 164.8% in the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock valued at $26,000 after acquiring an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Archrock during the 1st quarter valued at $33,000. Covestor Ltd grew its holdings in 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 purchased a new stake in Archrock during the 4th quarter worth $126,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Archrock by 338.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,530 shares of the energy company's stock worth $138,000 after buying an additional 4,269 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup raised their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Sidoti upgraded Archrock to a "hold" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Insider Activity at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of the company'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 transaction of $1,029,461.64. Following the sale, the senior vice president directly owned 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

Archrock Price Performance

Shares of AROC stock opened at $24.83 on Tuesday. The firm has a fifty day moving average of $24.82 and a two-hundred day moving average of $25.61. The firm has a market cap of $4.39 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.35 and a beta of 1.11. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 0.96.

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, topping analysts' consensus estimates of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a return on equity of 18.31% and a net margin of 16.38%. As a group, research analysts anticipate 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 given a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.06%. Archrock's payout ratio is 64.41%.

Archrock announced that its board has authorized a stock repurchase plan on Monday, May 5th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.

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