First Hawaiian Bank Acquires New Position in Archrock, Inc. (NYSE:AROC)

First Hawaiian Bank purchased a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,362 shares of the energy company's stock, valued at approximately $665,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Atria Investments Inc lifted its stake in shares of Archrock by 17.4% in the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock valued at $954,000 after purchasing an additional 5,665 shares during the period. Barclays PLC increased its stake in shares of Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock valued at $6,125,000 after purchasing an additional 167,648 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Archrock in the 4th quarter worth about $242,000. Charles Schwab Investment Management Inc. boosted its position in Archrock by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Archrock by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 916,945 shares of the energy company's stock valued at $22,823,000 after purchasing an additional 63,650 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Price Performance

AROC traded up $0.36 during trading on Tuesday, reaching $25.86. The company's stock had a trading volume of 1,173,479 shares, compared to its average volume of 1,425,125. 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 simple moving average of $24.31 and a two-hundred day simple moving average of $25.66. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 28.42, 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.

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

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio is currently 64.41%.

Archrock declared that its board has approved a share repurchase plan on Monday, May 5th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the energy company to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Insider Transactions at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of the 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 transaction, the senior vice president now directly owns 275,911 shares of the company's stock, valued at $6,757,060.39. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

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.