Archrock, Inc. (NYSE:AROC) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,458 shares of the energy company's stock after acquiring an additional 15,599 shares during the period. ProShare Advisors LLC's holdings in Archrock were worth $1,256,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AROC. Quantinno Capital Management LP bought a new stake in Archrock during the 4th quarter valued at about $390,000. Man Group plc increased its position in shares of Archrock by 7.8% during the fourth quarter. Man Group plc now owns 274,846 shares of the energy company's stock valued at $6,841,000 after acquiring an additional 19,772 shares in the last quarter. Millennium Management LLC increased its position in shares of Archrock by 186.0% during the fourth quarter. Millennium Management LLC now owns 1,047,346 shares of the energy company's stock valued at $26,068,000 after acquiring an additional 681,160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Archrock by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,957,444 shares of the energy company's stock worth $48,721,000 after acquiring an additional 75,684 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in Archrock in the 4th quarter worth approximately $209,000. Institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Shares of AROC stock traded down $0.04 on Wednesday, hitting $25.26. The company had a trading volume of 369,536 shares, compared to its average volume of 1,431,196. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.47 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a 50-day moving average price of $24.45 and a 200-day moving average price of $25.60. Archrock, Inc. has a twelve month low of $17.27 and a twelve month 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, topping analysts' consensus estimates of $0.39 by $0.03. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $347.16 million during the quarter, compared to analyst estimates of $342.98 million. As a group, equities research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.01%. Archrock's dividend payout ratio is presently 64.41%.

Archrock announced that its board has authorized a share repurchase program on Monday, May 5th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the energy company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently commented on AROC. Sidoti raised Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup increased their price target on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Archrock presently has an average rating of "Moderate Buy" and an average price target of $26.67.

Insider Buying and Selling

In other news, SVP Jason Ingersoll sold 42,036 shares of Archrock stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.49, for a total value of $1,029,461.64. Following the transaction, the senior vice president now directly owns 275,911 shares of the company's stock, valued at $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 available through this link. 2.60% of the stock is currently owned by insiders.

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.