SG Americas Securities LLC Invests $522,000 in Archrock, Inc. (NYSE:AROC)

SG Americas Securities LLC acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,883 shares of the energy company's stock, valued at approximately $522,000.

A number of other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of Archrock by 164.8% in 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. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Archrock in the first quarter valued at approximately $33,000. Wolverine Asset Management LLC boosted its holdings in Archrock by 111.8% in the fourth 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 last quarter. Covestor Ltd increased its position in 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 purchasing an additional 3,826 shares during the period. Finally, Park Square Financial Group LLC bought a new position in Archrock during the 4th quarter worth approximately $126,000. Institutional investors own 95.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AROC shares. Sidoti upgraded shares of Archrock to a "hold" rating in a research report on Wednesday, May 7th. Citigroup boosted their target price on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Archrock currently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Trading Up 2.7%

Shares of Archrock stock traded up $0.68 on Thursday, reaching $25.23. 1,070,723 shares of the company's stock were exchanged, compared to its average volume of 1,427,600. The company has a market capitalization of $4.46 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.32 and a beta of 1.11. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.96 and a current ratio of 1.47. The firm's 50-day moving average is $24.76 and its two-hundred day moving average is $25.63.

Archrock (NYSE:AROC - Get Free Report) last issued its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $347.16 million for the quarter, compared to analyst estimates of $342.98 million. Archrock had a net margin of 16.38% and a return on equity of 18.31%. Sell-side analysts predict that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.01%. Archrock's dividend payout ratio is currently 64.41%.

Archrock announced that its board has initiated a stock repurchase plan on Monday, May 5th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Archrock

In other news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.