Quantinno Capital Management LP Purchases Shares of 15,679 Archrock, Inc. (NYSE:AROC)

Quantinno Capital Management LP purchased a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,679 shares of the energy company's stock, valued at approximately $390,000.

A number of other institutional investors also recently bought and sold shares of AROC. Man Group plc raised its holdings in shares of Archrock by 7.8% in the 4th quarter. Man Group plc now owns 274,846 shares of the energy company's stock valued at $6,841,000 after purchasing an additional 19,772 shares in the last quarter. Millennium Management LLC raised its stake in Archrock by 186.0% in the fourth quarter. Millennium Management LLC now owns 1,047,346 shares of the energy company's stock valued at $26,068,000 after buying an additional 681,160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Archrock by 4.0% during 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 buying an additional 75,684 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Archrock in the 4th quarter valued at about $209,000. Finally, Deutsche Bank AG raised its position in shares of Archrock by 33.0% during the 4th quarter. Deutsche Bank AG now owns 233,220 shares of the energy company's stock worth $5,805,000 after acquiring an additional 57,873 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Performance

Shares of Archrock stock traded down $0.13 during trading on Friday, reaching $24.94. The company's stock had a trading volume of 74,863 shares, compared to its average volume of 1,425,192. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The business's fifty day moving average price is $24.38 and its 200-day moving average price is $25.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

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 analysts' consensus estimates of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to analyst estimates of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. As a group, equities research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current year.

Archrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Tuesday, May 6th. Archrock's dividend payout ratio is currently 64.41%.

Archrock declared that its Board of Directors has approved a stock 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 repurchase up to 1.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sidoti upgraded Archrock to a "hold" rating in a research note on Wednesday, May 7th. Citigroup upped 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Archrock has an average rating of "Moderate Buy" and an average price target of $26.67.

Insider Buying and Selling at Archrock

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 completion of the sale, the senior vice president now owns 275,911 shares in the company, valued at $6,757,060.39. The trade was a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.60% of the company's stock.

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.