HWG Holdings LP Purchases 85,121 Shares of Archrock, Inc. (NYSE:AROC)

HWG Holdings LP raised its position in Archrock, Inc. (NYSE:AROC - Free Report) by 42.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 286,139 shares of the energy company's stock after buying an additional 85,121 shares during the period. Archrock comprises approximately 3.3% of HWG Holdings LP's holdings, making the stock its 12th largest holding. HWG Holdings LP owned about 0.16% of Archrock worth $7,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AROC. Summit Investment Advisors Inc. raised its stake in Archrock by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock worth $435,000 after buying an additional 553 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Archrock by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,761 shares of the energy company's stock valued at $335,000 after purchasing an additional 574 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock valued at $26,000 after purchasing an additional 600 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Archrock by 4.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company's stock valued at $660,000 after purchasing an additional 1,126 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Archrock in the 1st quarter valued at about $33,000. 95.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction 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 approximately $6,757,060.39. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Archrock Price Performance

NYSE:AROC opened at $24.94 on Monday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.96 and a current ratio of 1.47. The stock's 50-day simple moving average is $24.67 and its 200 day simple moving average is $25.65. The company has a market cap of $4.41 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.28 and a beta of 1.11. 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 released its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The business 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%. As a group, sell-side analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock declared that its board has approved a share repurchase program on Monday, May 5th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is 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 dividend of $0.19 per share. 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 currently 64.41%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AROC shares. Citigroup lifted their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Sidoti raised Archrock to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.67.

Archrock 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.

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