Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Shares in Archrock, Inc. $AROC

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Archrock, Inc. (NYSE:AROC) during the first quarter, Holdings Channel.com reports. The firm purchased 153,665 shares of the energy company’s stock, valued at approximately $5,348,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AROC. Royal Bank of Canada increased its position in shares of Archrock by 0.7% in the first quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after acquiring an additional 667 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after acquiring an additional 902 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Archrock by 482.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,699 shares of the energy company’s stock worth $67,000 after purchasing an additional 2,236 shares during the period. First Trust Advisors LP boosted its stake in Archrock by 24.6% in the 2nd quarter. First Trust Advisors LP now owns 279,100 shares of the energy company’s stock worth $6,930,000 after purchasing an additional 55,059 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Archrock by 19.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the energy company’s stock worth $241,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the completion of the sale, the senior vice president directly owned 277,454 shares in the company, valued at $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Doug S. Aron sold 90,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.74, for a total value of $3,306,600.00. Following the completion of the sale, the chief financial officer directly owned 394,337 shares in the company, valued at approximately $14,487,941.38. This represents a 18.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 158,000 shares of company stock worth $5,907,370 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AROC shares. Wall Street Zen downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $46.00 target price on shares of Archrock in a research report on Thursday, May 7th. Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Finally, Citigroup raised their price objective on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Archrock has a consensus rating of “Buy” and a consensus target price of $41.14.

Archrock Stock Performance

Shares of NYSE AROC opened at $36.86 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. Archrock, Inc. has a one year low of $21.17 and a one year high of $42.23. The business’s 50-day moving average price is $37.10 and its two-hundred day moving average price is $33.51. The company has a market capitalization of $6.46 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84.

Archrock (NYSE:AROC) last posted its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The business had revenue of $373.77 million during the quarter, compared to analyst estimates of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Archrock, Inc. will post 1.9 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. Archrock’s dividend payout ratio is presently 47.83%.

Archrock Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.