GTS Securities LLC Takes $288,000 Position in Archrock, Inc. (NYSE:AROC)

GTS Securities LLC acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,580 shares of the energy company's stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc lifted its holdings 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 worth $954,000 after buying an additional 5,665 shares during the period. Barclays PLC raised its holdings 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 purchased a new stake in shares of Archrock in the 4th quarter worth approximately $242,000. Charles Schwab Investment Management Inc. lifted its position in shares of Archrock by 1.5% in the 4th 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 during the period. Finally, Principal Financial Group Inc. increased its holdings in Archrock by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 916,945 shares of the energy company's stock valued at $22,823,000 after buying an additional 63,650 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AROC has been the topic of several recent research reports. Sidoti raised Archrock to a "hold" rating in a research report on Wednesday, May 7th. Citigroup lifted 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 given a buy rating to the company's stock. Based on data from MarketBeat, Archrock currently has an average rating of "Moderate Buy" and an average price target of $26.67.

Insider Activity at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of Archrock stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 275,911 shares in the company, valued at $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 is available at the SEC website. 2.60% of the stock is owned by company insiders.

Archrock Stock Down 0.7%

Archrock stock traded down $0.18 during midday trading on Friday, reaching $24.89. The company's stock had a trading volume of 1,309,395 shares, compared to its average volume of 1,427,405. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The stock has a market capitalization of $4.40 billion, a P/E ratio of 27.35, a PEG ratio of 1.60 and a beta of 1.19. The stock's 50-day simple moving average is $24.34 and its 200-day simple moving average is $25.63. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44.

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

Archrock Announces Dividend

The business also recently declared 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 yield of 3.05%. The ex-dividend date was Tuesday, May 6th. Archrock's payout ratio is presently 64.41%.

Archrock declared that its board has authorized a stock repurchase program on Monday, May 5th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership 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.