HWG Holdings LP Purchases Shares of 201,018 Archrock, Inc. (NYSE:AROC)

HWG Holdings LP purchased a new position in Archrock, Inc. (NYSE:AROC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 201,018 shares of the energy company's stock, valued at approximately $5,003,000. Archrock comprises about 1.6% of HWG Holdings LP's investment portfolio, making the stock its 19th biggest holding. HWG Holdings LP owned 0.11% of Archrock as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AROC. Wolverine Asset Management LLC boosted its stake in Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares during the period. Montag A & Associates Inc. bought a new stake in Archrock during the fourth quarter valued at about $55,000. R Squared Ltd bought a new stake in Archrock during the fourth quarter valued at about $76,000. Hantz Financial Services Inc. bought a new stake in Archrock during the fourth quarter valued at about $107,000. Finally, Covestor Ltd boosted its position in Archrock by 580.6% during the fourth 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. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Shares of AROC stock traded down $0.18 during midday trading on Friday, hitting $24.89. The company had a trading volume of 1,309,395 shares, compared to its average volume of 1,429,791. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a 52-week low of $17.27 and a 52-week high of $30.44. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.60 and a beta of 1.19. The company's 50 day simple moving average is $24.34 and its 200 day simple moving average is $25.61.

Archrock (NYSE:AROC - Get Free Report) last issued 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. The firm 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%. Research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock announced that its Board of Directors has initiated a stock buyback program on Monday, May 5th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the energy company to purchase up to 1.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors 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 of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio is currently 64.41%.

Insider Buying and Selling at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of the firm'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 value of $1,029,461.64. Following the sale, the senior vice president now directly owns 275,911 shares in the company, valued at $6,757,060.39. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.