Teachers Retirement System of The State of Kentucky Acquires 14,200 Shares of Archrock, Inc. (NYSE:AROC)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,528 shares of the energy company's stock after buying an additional 14,200 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Archrock were worth $1,457,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. boosted its stake in Archrock by 57.3% during the 1st quarter. Montag A & Associates Inc. now owns 3,474 shares of the energy company's stock worth $91,000 after acquiring an additional 1,265 shares during the last quarter. Jennison Associates LLC boosted its stake in Archrock by 56.0% during the 1st quarter. Jennison Associates LLC now owns 35,303 shares of the energy company's stock worth $926,000 after acquiring an additional 12,667 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Archrock by 84.3% during the 1st quarter. Victory Capital Management Inc. now owns 919,982 shares of the energy company's stock worth $24,140,000 after acquiring an additional 420,757 shares during the last quarter. Dakota Wealth Management bought a new position in Archrock during the 1st quarter worth approximately $534,000. Finally, Edgestream Partners L.P. boosted its stake in Archrock by 155.5% during the 1st quarter. Edgestream Partners L.P. now owns 331,275 shares of the energy company's stock worth $8,693,000 after acquiring an additional 201,618 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Insiders Place Their Bets

In other news, SVP Jason Ingersoll sold 42,036 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 275,911 shares of the company's stock, valued at $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.60% of the company's stock.

Archrock Price Performance

Shares of AROC stock traded down $0.06 on Friday, reaching $23.32. The company had a trading volume of 1,280,017 shares, compared to its average volume of 1,465,374. The stock has a market capitalization of $4.12 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 1.70. Archrock, Inc. has a one year low of $17.26 and a one year high of $30.44. The business's 50-day moving average is $24.55 and its 200 day moving average is $25.43.

Archrock (NYSE:AROC - Get Free Report) last posted 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. Archrock had a net margin of 16.38% and a return on equity of 18.31%. The firm had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Equities research analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock declared that its Board of Directors has initiated a share repurchase program on Monday, May 5th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the energy company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, August 5th. This is an increase from Archrock's previous quarterly dividend of $0.19. Archrock's dividend payout ratio is currently 64.41%.

Wall Street Analyst Weigh In

Separately, Sidoti raised shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Archrock 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.