ProShare Advisors LLC Increases Stock Position in Archrock, Inc. (NYSE:AROC)

ProShare Advisors LLC raised its holdings in Archrock, Inc. (NYSE:AROC - Free Report) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,458 shares of the energy company's stock after purchasing an additional 15,599 shares during the quarter. ProShare Advisors LLC's holdings in Archrock were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its position in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after acquiring an additional 14,200 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Archrock during the 4th quarter valued at approximately $55,000. R Squared Ltd acquired a new stake in shares of Archrock during the 4th quarter valued at approximately $76,000. Hantz Financial Services Inc. acquired a new stake in shares of Archrock during the 4th quarter valued at approximately $107,000. Finally, Covestor Ltd lifted its position in shares of Archrock by 580.6% during the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock valued at $111,000 after acquiring an additional 3,826 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AROC shares. Citigroup lifted their price target on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Sidoti upgraded shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. Two investment 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, Archrock presently has an average rating of "Moderate Buy" and an average target price of $26.67.

Archrock Price Performance

Shares of Archrock stock traded up $0.39 during trading on Tuesday, hitting $25.17. 435,419 shares of the company were exchanged, compared to its average volume of 1,433,315. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 1.60 and a beta of 1.19. The firm has a 50 day moving average price of $24.48 and a 200 day moving average price of $25.60.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. On average, equities analysts expect 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 plan on Monday, May 5th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the energy company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.02%. Archrock's dividend payout ratio (DPR) is presently 64.41%.

Archrock Company 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.