Archrock, Inc. (NYSE:AROC) Stock Holdings Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,445 shares of the energy company's stock after acquiring an additional 10,825 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Archrock worth $2,557,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atria Investments Inc lifted its position in shares of Archrock by 17.4% during the fourth quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock worth $954,000 after purchasing an additional 5,665 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Archrock in the fourth quarter valued at about $242,000. SG Americas Securities LLC acquired a new stake in Archrock during the 1st quarter valued at approximately $522,000. Charles Schwab Investment Management Inc. grew its stake in Archrock by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock valued at $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Archrock by 6,866.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 43,050 shares of the energy company's stock valued at $1,130,000 after purchasing an additional 42,432 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the stock in a transaction on 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 directly owned 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Archrock Stock Performance

Archrock stock traded down $0.13 during midday trading on Thursday, reaching $24.59. 1,011,920 shares of the stock traded hands, compared to its average volume of 1,407,745. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 1.70. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.33 and a beta of 1.08. The firm has a fifty day moving average price of $24.88 and a two-hundred day moving average price of $25.59.

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 analysts' consensus estimates of $0.39 by $0.03. Archrock had a return on equity of 18.31% and a net margin of 16.38%. The business had revenue of $347.16 million during the quarter, compared to analyst estimates of $342.98 million. On average, equities research analysts forecast that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. Archrock's dividend payout ratio is presently 64.41%.

Archrock declared that its Board of Directors has authorized a stock buyback plan on Monday, May 5th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

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.