Public Sector Pension investment Board cut its holdings in Archrock, Inc. (NYSE:AROC) by 27.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,370 shares of the energy company’s stock after selling 14,000 shares during the quarter. Public Sector Pension investment Board owned 0.05% of Archrock worth $415,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AROC. State Board of Administration of Florida Retirement System boosted its stake in shares of Archrock by 48.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 79,063 shares of the energy company’s stock valued at $980,000 after buying an additional 25,981 shares in the last quarter. Comerica Bank boosted its stake in shares of Archrock by 5.3% in the first quarter. Comerica Bank now owns 78,090 shares of the energy company’s stock valued at $941,000 after buying an additional 3,897 shares in the last quarter. Swiss National Bank boosted its stake in shares of Archrock by 2.5% in the first quarter. Swiss National Bank now owns 109,000 shares of the energy company’s stock valued at $1,352,000 after buying an additional 2,700 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Archrock by 0.6% in the first quarter. Texas Permanent School Fund now owns 51,072 shares of the energy company’s stock valued at $633,000 after buying an additional 288 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Archrock by 6.0% in the first quarter. Ameriprise Financial Inc. now owns 711,353 shares of the energy company’s stock valued at $8,820,000 after buying an additional 40,055 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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Shares of Archrock, Inc. (AROC) opened at 12.55 on Thursday. The firm’s 50-day moving average price is $11.54 and its 200-day moving average price is $11.28. Archrock, Inc. has a 52-week low of $8.30 and a 52-week high of $16.40. The stock’s market capitalization is $890.28 million.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $198.00 million during the quarter, compared to analyst estimates of $196.00 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The firm’s revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that Archrock, Inc. will post ($0.20) earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. BidaskClub downgraded Archrock from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “buy” rating and set a $13.00 target price on shares of Archrock in a research report on Wednesday, September 27th. Finally, ValuEngine downgraded Archrock from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.46.

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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