Waverly Advisors LLC Decreases Holdings in Archrock, Inc. $AROC

Waverly Advisors LLC decreased its stake in Archrock, Inc. (NYSE:AROC) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261,141 shares of the energy company’s stock after selling 20,215 shares during the period. Waverly Advisors LLC owned 0.15% of Archrock worth $9,088,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Archrock by 15,293.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 138,388 shares of the energy company’s stock worth $3,601,000 after purchasing an additional 137,489 shares during the last quarter. Marietta Investment Partners LLC bought a new stake in shares of Archrock in the 4th quarter worth approximately $1,611,000. Stephens Investment Management Group LLC purchased a new position in Archrock in the fourth quarter valued at approximately $32,904,000. Natixis Advisors LLC lifted its stake in Archrock by 22.4% in the fourth quarter. Natixis Advisors LLC now owns 1,685,080 shares of the energy company’s stock valued at $43,846,000 after purchasing an additional 308,246 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Archrock by 40.7% during the fourth quarter. Hsbc Holdings PLC now owns 127,471 shares of the energy company’s stock valued at $3,309,000 after purchasing an additional 36,847 shares during the period. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $35.63 on Tuesday. The firm’s 50 day moving average is $37.08 and its 200 day moving average is $34.90. The stock has a market capitalization of $6.25 billion, a P/E ratio of 19.37, a PEG ratio of 1.58 and a beta of 0.84. Archrock, Inc. has a 12 month low of $21.17 and a 12 month high of $42.23. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The business had revenue of $373.77 million during the quarter, compared to analysts’ expectations of $378.36 million. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Archrock, Inc. will post 1.9 earnings per share for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This is an increase from Archrock’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. Archrock’s dividend payout ratio is 50.00%.

Analysts Set New Price Targets

AROC has been the subject of a number of recent research reports. Citigroup raised their target price on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Stifel Nicolaus set a $41.00 price target on Archrock in a research note on Thursday, May 7th. Mizuho lifted their price objective on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their price objective on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.71.

Insiders Place Their Bets

In other news, CFO Doug S. Aron sold 90,000 shares of Archrock stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $36.74, for a total value of $3,306,600.00. Following the completion of the transaction, the chief financial officer directly owned 394,337 shares in the company, valued at approximately $14,487,941.38. The trade was a 18.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.19, for a total value of $1,260,270.00. Following the sale, the senior vice president owned 277,454 shares in the company, valued at approximately $10,595,968.26. The trade was a 10.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,000 shares of company stock valued at $5,907,370 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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.