Archrock, Inc. (NYSE:AROC) Holdings Decreased by Spire Wealth Management

Spire Wealth Management decreased its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 74.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,440 shares of the energy company's stock after selling 41,217 shares during the quarter. Spire Wealth Management's holdings in Archrock were worth $379,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AROC. Vanguard Group Inc. boosted its stake in Archrock by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 21,571,800 shares of the energy company's stock valued at $536,922,000 after purchasing an additional 508,214 shares during the period. Earnest Partners LLC boosted its position in shares of Archrock by 0.4% during the fourth quarter. Earnest Partners LLC now owns 13,074,904 shares of the energy company's stock worth $325,434,000 after buying an additional 47,563 shares during the period. Invesco Ltd. grew its holdings in Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock worth $221,121,000 after buying an additional 1,008,438 shares in the last quarter. Sei Investments Co. grew its holdings in Archrock by 8.3% in the 4th quarter. Sei Investments Co. now owns 5,354,764 shares of the energy company's stock worth $133,280,000 after buying an additional 411,286 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Archrock by 10.0% in the 4th quarter. American Century Companies Inc. now owns 4,927,024 shares of the energy company's stock valued at $122,634,000 after acquiring an additional 448,410 shares during the period. Institutional investors own 95.45% of the company's stock.

Insider Activity

In related news, SVP Jason Ingersoll sold 42,036 shares of the 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 completion of the transaction, the senior vice president owned 275,911 shares in the company, valued at $6,757,060.39. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Archrock Price Performance

NYSE:AROC traded down $0.13 during mid-day trading on Thursday, reaching $24.59. 1,011,915 shares of the stock were exchanged, compared to its average volume of 1,407,745. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 1.70. The business has a fifty day moving average price of $24.88 and a 200 day moving average price of $25.59. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The firm has a market capitalization of $4.35 billion, a PE ratio of 20.84, a PEG ratio of 1.33 and a beta of 1.08.

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

Archrock announced that its Board of Directors has approved a stock buyback plan on Monday, May 5th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are often an indication 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. Investors of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's payout ratio is 64.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AROC shares. Sidoti raised Archrock to a "hold" rating in a research note on Wednesday, May 7th. Citigroup upped their price objective on shares of Archrock from $32.00 to $33.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Archrock currently has an average rating of "Moderate Buy" and an average target price of $26.67.

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.