Archrock, Inc. (NYSE:AROC) SVP Sells $1,029,461.64 in Stock

Archrock, Inc. (NYSE:AROC) SVP Jason Ingersoll sold 42,036 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company’s stock, valued at $6,757,060.39. This trade represents a 13.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Archrock Trading Up 0.6%

Shares of Archrock stock opened at $25.46 on Wednesday. The company has a fifty day simple moving average of $24.36 and a 200-day simple moving average of $25.31. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC) last issued its earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $347.16 million during the quarter, compared to analysts’ expectations of $342.98 million. On average, equities analysts forecast that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock announced that its board has approved a stock repurchase plan on Monday, May 5th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Archrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock’s payout ratio is 64.41%.

Institutional Trading of Archrock

Institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc raised its position in Archrock by 17.4% in the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company’s stock valued at $954,000 after purchasing an additional 5,665 shares during the last quarter. Barclays PLC raised its position in Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after purchasing an additional 167,648 shares during the last quarter. JPMorgan Chase & Co. raised its position in Archrock by 94.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock valued at $8,549,000 after purchasing an additional 205,241 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Archrock in the 4th quarter valued at $242,000. Finally, Charles Schwab Investment Management Inc. raised its position in Archrock by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock valued at $58,693,000 after purchasing an additional 34,272 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AROC. Sidoti upgraded shares of Archrock to a “hold” rating in a report on Wednesday, May 7th. Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Archrock currently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

About Archrock

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.