Moody Aldrich Partners LLC Has $4.92 Million Stock Holdings in Archrock, Inc. (NYSE:AROC)

Moody Aldrich Partners LLC grew its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,465 shares of the energy company's stock after purchasing an additional 28,110 shares during the quarter. Moody Aldrich Partners LLC owned 0.11% of Archrock worth $4,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AROC. Farther Finance Advisors LLC lifted its stake in shares of Archrock by 164.8% during the first quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Archrock during the first quarter worth about $33,000. Covestor Ltd increased its position in shares of Archrock by 580.6% during the fourth quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock worth $111,000 after acquiring an additional 3,826 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Archrock during the fourth quarter worth about $126,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Archrock by 338.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,530 shares of the energy company's stock worth $138,000 after acquiring an additional 4,269 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Price Performance

AROC traded down $0.71 during trading on Monday, reaching $23.99. The stock had a trading volume of 1,441,444 shares, compared to its average volume of 1,413,048. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 1.70. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The stock has a 50 day moving average of $24.89 and a two-hundred day moving average of $25.60.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating 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 company had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. As a group, equities analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

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

Archrock Announces Dividend

The firm also recently disclosed 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 3.17%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio is presently 64.41%.

Insider Transactions at Archrock

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 completion of the sale, the senior vice president directly owned 275,911 shares in the company, valued at $6,757,060.39. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup boosted their price objective on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Sidoti raised Archrock to a "hold" rating in a report 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 MarketBeat.com, the stock currently has a consensus 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.