Squarepoint Ops LLC Cuts Stake in Archrock, Inc. (NYSE:AROC)

Squarepoint Ops LLC lessened its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 43.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,958 shares of the energy company's stock after selling 112,051 shares during the period. Squarepoint Ops LLC owned 0.08% of Archrock worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AROC. Summit Investment Advisors Inc. lifted its position in Archrock by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock worth $435,000 after buying an additional 553 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Archrock by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company's stock valued at $1,645,000 after acquiring an additional 1,047 shares during the period. Nisa Investment Advisors LLC grew its position in Archrock by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock worth $1,528,000 after purchasing an additional 1,108 shares during the last quarter. Mutual of America Capital Management LLC grew its position in 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 buying an additional 1,126 shares in the last quarter. Finally, Mariner LLC increased its position in shares of Archrock by 4.3% during the fourth quarter. Mariner LLC now owns 31,078 shares of the energy company's stock valued at $774,000 after purchasing an additional 1,283 shares during the period. 95.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by insiders.

Archrock Trading Down 1.0%

AROC traded down $0.24 during trading on Friday, hitting $24.83. The company's stock had a trading volume of 362,597 shares, compared to its average volume of 1,392,436. The stock's fifty day moving average price is $24.38 and its 200-day moving average price is $25.61. The firm has a market capitalization of $4.39 billion, a P/E ratio of 27.30, a PEG ratio of 1.60 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a twelve month low of $17.26 and a twelve month high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock announced that its Board of Directors has authorized a share repurchase plan on Monday, May 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio (DPR) is presently 64.41%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Sidoti raised shares of Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup boosted their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.