Kayne Anderson Capital Advisors LP Purchases 32,958 Shares of Archrock, Inc. (NYSE:AROC)

Kayne Anderson Capital Advisors LP increased its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,647,222 shares of the energy company's stock after acquiring an additional 32,958 shares during the quarter. Archrock accounts for about 1.0% of Kayne Anderson Capital Advisors LP's holdings, making the stock its 20th largest position. Kayne Anderson Capital Advisors LP owned approximately 0.94% of Archrock worth $43,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new stake in Archrock in the first quarter worth approximately $561,000. Teachers Retirement System of The State of Kentucky grew its position in Archrock by 34.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 55,528 shares of the energy company's stock worth $1,457,000 after acquiring an additional 14,200 shares in the last quarter. Montag A & Associates Inc. lifted its stake in shares of Archrock by 57.3% in the first quarter. Montag A & Associates Inc. now owns 3,474 shares of the energy company's stock worth $91,000 after buying an additional 1,265 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Archrock by 56.0% in the first quarter. Jennison Associates LLC now owns 35,303 shares of the energy company's stock worth $926,000 after buying an additional 12,667 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Archrock by 84.3% in the first quarter. Victory Capital Management Inc. now owns 919,982 shares of the energy company's stock worth $24,140,000 after buying an additional 420,757 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

Shares of AROC stock traded up $0.24 during mid-day trading on Thursday, reaching $23.25. The company's stock had a trading volume of 551,736 shares, compared to its average volume of 1,391,281. The firm's 50-day moving average is $24.60 and its two-hundred day moving average is $25.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.96 and a current ratio of 1.47. Archrock, Inc. has a 1-year low of $17.26 and a 1-year high of $30.44. The company has a market cap of $4.11 billion, a P/E ratio of 19.70, a PEG ratio of 1.22 and a beta of 1.08.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Archrock had a net margin of 16.38% and a return on equity of 18.31%. The firm had revenue of $347.16 million for the quarter, compared to analyst estimates of $342.98 million. On average, research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock announced that its Board of Directors has approved a stock repurchase program on Monday, May 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the energy company to repurchase up to 1.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Sidoti upgraded shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.67.

Insider Buying and Selling

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.49, for a total transaction of $1,029,461.64. Following the transaction, the senior vice president directly owned 275,911 shares in the company, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their position. 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 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.