Archrock, Inc. (NYSE:AROC) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 3,224.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,732 shares of the energy company's stock after purchasing an additional 231,551 shares during the quarter. GAMMA Investing LLC owned 0.14% of Archrock worth $62,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AROC. Vanguard Group Inc. lifted its stake in shares of Archrock by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company's stock valued at $536,922,000 after purchasing an additional 508,214 shares during the period. Earnest Partners LLC lifted its position in shares of Archrock by 0.4% during the 4th quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock valued at $325,434,000 after acquiring an additional 47,563 shares during the period. Invesco Ltd. boosted its stake in shares of Archrock by 12.8% during the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock worth $221,121,000 after acquiring an additional 1,008,438 shares in the last quarter. Sei Investments Co. increased its stake in Archrock by 8.3% in the 4th quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company's stock valued at $133,280,000 after purchasing an additional 411,286 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings 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 purchasing an additional 448,410 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Trading Up 2.0%

Shares of NYSE:AROC traded up $0.51 during midday trading on Thursday, reaching $25.68. The company's stock had a trading volume of 1,056,367 shares, compared to its average volume of 1,421,956. The business has a 50 day moving average price of $24.27 and a 200 day moving average price of $25.66. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data 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 13.34% and a return on equity of 16.24%. The company had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Announces Dividend

The business also recently disclosed 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 was Tuesday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.96%. Archrock's dividend payout ratio is presently 64.41%.

Archrock declared that its Board of Directors has approved a share buyback 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 reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Sidoti upgraded shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. Citigroup upped 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Insider Transactions at Archrock

In other news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.