Archrock, Inc. (AROC) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB raised its holdings in Archrock, Inc. (NYSE:AROC) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,600 shares of the energy company’s stock after acquiring an additional 1,600 shares during the period. Nordea Investment Management AB owned about 0.30% of Archrock worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of AROC. Pacad Investment Ltd. increased its position in shares of Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in Archrock by 16.5% in the 1st quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock valued at $152,000 after acquiring an additional 1,731 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Archrock by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock valued at $159,000 after acquiring an additional 6,218 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Archrock by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after acquiring an additional 780 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in Archrock by 8.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock valued at $205,000 after acquiring an additional 1,279 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.
Archrock, Inc. (NYSE AROC) opened at 12.55 on Monday. The firm’s market capitalization is $890.28 million. Archrock, Inc. has a 12 month low of $8.30 and a 12 month high of $16.40. The company’s 50-day moving average price is $10.29 and its 200 day moving average price is $11.27.
Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. The business had revenue of $198.00 million during the quarter, compared to the consensus estimate of $196.00 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Archrock, Inc. will post ($0.20) earnings per share for the current year.
AROC has been the subject of a number of research reports. Capital One Financial Corporation cut Archrock from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Zacks Investment Research raised Archrock from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price target on shares of Archrock in a report on Wednesday, September 27th. BidaskClub upgraded Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Scotiabank set a $15.00 price objective on Archrock and gave the stock a “hold” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Archrock presently has an average rating of “Hold” and an average price target of $13.29.
Archrock Company Profile
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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