Redhawk Wealth Advisors Inc. Purchases 14,887 Shares of Archrock, Inc. (NYSE:AROC)

Redhawk Wealth Advisors Inc. boosted its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 62.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,598 shares of the energy company's stock after buying an additional 14,887 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Archrock were worth $1,013,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in shares of Archrock by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock valued at $435,000 after purchasing an additional 553 shares during the period. Farther Finance Advisors LLC raised its stake in Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock valued at $26,000 after acquiring an additional 600 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company's stock worth $1,645,000 after buying an additional 1,047 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Archrock by 4.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company's stock worth $660,000 after acquiring an additional 1,126 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Archrock during the 1st quarter worth approximately $33,000. Institutional investors own 95.45% of the company's stock.

Archrock Trading Up 0.4%

Shares of Archrock stock traded up $0.10 on Thursday, hitting $24.89. The stock had a trading volume of 1,045,282 shares, compared to its average volume of 1,427,619. 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 stock has a market cap of $4.40 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.60 and a beta of 1.11. The stock's 50-day simple moving average is $24.37 and its two-hundred day simple moving average is $25.68. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44.

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 the consensus estimate 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, sell-side analysts predict that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock declared that its Board of Directors has authorized a share buyback plan on Monday, May 5th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the energy company to buy up to 1.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Archrock Announces Dividend

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

Insider Transactions at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of the company'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 sale, the senior vice president now directly owns 275,911 shares of the company's stock, valued at $6,757,060.39. This represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AROC. Citigroup boosted their target price 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 Archrock to a "hold" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.