Edgestream Partners L.P. Purchases 201,618 Shares of Archrock, Inc. (NYSE:AROC)

Edgestream Partners L.P. lifted its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 155.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 331,275 shares of the energy company's stock after purchasing an additional 201,618 shares during the period. Edgestream Partners L.P. owned 0.19% of Archrock worth $8,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Archrock by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company's stock worth $536,922,000 after buying an additional 508,214 shares in the last quarter. Earnest Partners LLC grew its position in Archrock by 0.4% during the fourth quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock worth $325,434,000 after buying an additional 47,563 shares in the last quarter. Invesco Ltd. grew its position in Archrock by 12.8% during the fourth quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock worth $221,121,000 after buying an additional 1,008,438 shares in the last quarter. Sei Investments Co. grew its position in Archrock by 8.3% during the fourth quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company's stock worth $133,280,000 after buying an additional 411,286 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Archrock by 10.0% during the fourth quarter. American Century Companies Inc. now owns 4,927,024 shares of the energy company's stock worth $122,634,000 after buying an additional 448,410 shares in the last quarter. Institutional investors own 95.45% of the company's stock.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the firm's stock in a transaction 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 sale, the senior vice president owned 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

Separately, Sidoti raised Archrock to a "hold" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Archrock currently has an average rating of "Moderate Buy" and a consensus target price of $26.67.

Archrock Price Performance

Shares of AROC stock traded up $0.11 during trading hours on Thursday, reaching $23.26. The company's stock had a trading volume of 1,878,221 shares, compared to its average volume of 1,425,303. The firm's 50 day simple moving average is $24.79 and its 200-day simple moving average is $25.51. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.25 and a beta of 1.08. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 1.70.

Archrock (NYSE:AROC - Get Free Report) last issued its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $347.16 million for 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%. Sell-side analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock declared that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio is presently 64.41%.

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.