Sentry Investment Management LLC Invests $319,000 in Archrock, Inc. $AROC

Sentry Investment Management LLC purchased a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,260 shares of the energy company's stock, valued at approximately $319,000.

Several other institutional investors have also recently made changes to their positions in AROC. Farther Finance Advisors LLC increased 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 valued at $26,000 after buying an additional 600 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock valued at $35,000 after buying an additional 902 shares during the period. TCTC Holdings LLC increased its stake in shares of Archrock by 119.6% during the first quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock valued at $42,000 after buying an additional 871 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Archrock during the first quarter valued at $47,000. Finally, State of Wyoming purchased a new position in shares of Archrock during the first quarter valued at $53,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Price Performance

Shares of AROC stock opened at $24.19 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.30. The company has a market cap of $4.25 billion, a P/E ratio of 18.33, a PEG ratio of 1.25 and a beta of 1.07. The stock's 50-day moving average is $24.67 and its 200 day moving average is $24.28. Archrock, Inc. has a 1-year low of $19.73 and a 1-year high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $383.15 million during the quarter, compared to the consensus estimate of $366.34 million. Archrock had a return on equity of 18.74% and a net margin of 17.17%.The company's quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Research analysts predict that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a $0.21 dividend. This is a boost from Archrock's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 5th. Archrock's dividend payout ratio is 63.64%.

Insider Activity

In other Archrock news, Director Jason C. Rebrook purchased 5,000 shares of the stock in a transaction on Monday, September 22nd. The stock was acquired at an average price of $23.94 per share, with a total value of $119,700.00. Following the completion of the acquisition, the director owned 79,511 shares in the company, valued at $1,903,493.34. The trade was a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eric W. Thode sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the sale, the senior vice president directly owned 224,809 shares of the company's stock, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AROC shares. Wells Fargo & Company started coverage on Archrock in a research note on Wednesday, September 3rd. They set an "overweight" rating and a $30.00 price target on the stock. Mizuho raised their price objective on Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Evercore ISI dropped their price objective on Archrock from $32.00 to $31.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Archrock in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Archrock has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

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.

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