MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 75,684 Shares of Archrock, Inc. (NYSE:AROC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Archrock, Inc. (NYSE:AROC - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,957,444 shares of the energy company's stock after purchasing an additional 75,684 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.12% of Archrock worth $48,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 508,214 shares during the period. Earnest Partners LLC lifted its holdings in Archrock by 0.4% in the 4th 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. lifted 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 during the period. Sei Investments Co. lifted 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 during the period. Finally, American Century Companies Inc. lifted its holdings 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 worth $122,634,000 after buying an additional 448,410 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Stock Performance

NYSE:AROC traded down $0.18 during mid-day trading on Monday, hitting $25.27. The company's stock had a trading volume of 153,399 shares, compared to its average volume of 1,456,294. The business's fifty day moving average is $24.52 and its two-hundred day moving average is $25.46. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.60 and a beta of 1.19.

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

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were issued a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a yield of 3.01%. Archrock's dividend payout ratio (DPR) is presently 64.41%.

Archrock declared that its board has approved a stock repurchase program 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 programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AROC. Sidoti raised Archrock to a "hold" rating in a research report on Wednesday, May 7th. Citigroup increased their target price on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Archrock has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Insider Buying and Selling at Archrock

In related news, SVP Jason Ingersoll sold 42,036 shares of Archrock 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 transaction, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. The trade was a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by corporate insiders.

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.