Quantinno Capital Management LP Has $2.20 Million Stock Position in Archrock, Inc. $AROC

Quantinno Capital Management LP increased its position in shares of Archrock, Inc. (NYSE:AROC) by 100.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,212 shares of the energy company’s stock after buying an additional 31,663 shares during the period. Quantinno Capital Management LP’s holdings in Archrock were worth $2,200,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AROC. Valued Wealth Advisors LLC acquired a new position in Archrock during the 1st quarter worth $26,000. Sound Income Strategies LLC boosted its holdings in Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after acquiring an additional 403 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Archrock in the fourth quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in shares of Archrock in the first quarter valued at about $36,000. Finally, Jones Financial Companies Lllp grew its position in shares of Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Archrock news, CFO Doug S. Aron sold 35,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the sale, the chief financial officer owned 359,337 shares of the company’s stock, valued at $13,762,607.10. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Ingersoll sold 33,000 shares of the firm’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 owned 277,454 shares of the company’s stock, valued at $10,595,968.26. The trade was a 10.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 158,000 shares of company stock valued at $5,907,370. 2.90% of the stock is currently owned by corporate insiders.

Archrock Stock Down 0.1%

Shares of AROC opened at $33.06 on Tuesday. The company has a market capitalization of $5.80 billion, a P/E ratio of 17.77, a PEG ratio of 1.53 and a beta of 0.86. Archrock, Inc. has a one year low of $22.88 and a one year high of $42.23. The business’s 50 day simple moving average is $36.77 and its 200-day simple moving average is $35.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, August 4th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Archrock had a net margin of 21.84% and a return on equity of 22.22%. The business had revenue of $371.24 million for the quarter, compared to analyst estimates of $393.19 million. During the same period in the prior year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Archrock, Inc. will post 1.81 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, August 4th. Archrock’s dividend payout ratio is 49.46%.

Analyst Upgrades and Downgrades

AROC has been the subject of several research analyst reports. Raymond James Financial reissued an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Stifel Nicolaus set a $41.00 target price on Archrock in a report on Thursday, May 7th. Mizuho lifted their price target on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada increased their price objective on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Archrock currently has a consensus rating of “Buy” and a consensus price target of $41.29.

Archrock Company 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.