Teacher Retirement System of Texas Buys Shares of 23,051 Archrock, Inc. (NYSE:AROC)

Teacher Retirement System of Texas acquired a new position in Archrock, Inc. (NYSE:AROC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 23,051 shares of the energy company's stock, valued at approximately $605,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AROC. KBC Group NV increased its holdings in shares of Archrock by 13.2% in the 1st quarter. KBC Group NV now owns 8,030 shares of the energy company's stock worth $211,000 after purchasing an additional 937 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Archrock by 26.7% in the first quarter. GAMMA Investing LLC now owns 9,098 shares of the energy company's stock worth $239,000 after buying an additional 1,917 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Archrock by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,402 shares of the energy company's stock valued at $725,000 after purchasing an additional 9,594 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Archrock during the fourth quarter valued at approximately $242,000. Finally, SG Americas Securities LLC bought a new position in shares of Archrock during the first quarter valued at approximately $522,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Insider Activity at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.49, for a total transaction of $1,029,461.64. Following the completion of the transaction, the senior vice president owned 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.

Archrock Stock Performance

Shares of NYSE AROC traded up $0.14 during trading on Friday, reaching $23.39. 1,840,392 shares of the company traded hands, compared to its average volume of 1,429,012. The firm's fifty day simple moving average is $24.76 and its 200 day simple moving average is $25.50. The stock has a market cap of $4.14 billion, a P/E ratio of 19.82, a PEG ratio of 1.25 and a beta of 1.08. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 1.70.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $347.16 million for the quarter, compared to analysts' expectations of $342.98 million. Archrock had a return on equity of 18.31% and a net margin of 16.38%. As a group, research analysts anticipate 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 share 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 repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's payout ratio is 64.41%.

Analyst Upgrades and Downgrades

Separately, Sidoti raised Archrock to a "hold" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.